$500,000
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41 E Franklin Street Hagerstown, MD 21740 Municipality: Hagerstown
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
3,070
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Newly renovated and fully leased, producing $5200/mo in gross rents! Welcome to 41 E Franklin St, a fully renovated 5-unit apartment building located in the heart of the rapidly growing Hagerstown, MD! This property has undergone a complete transformation and is now ready to generate solid return...s for its next owner. With recent renovations and upgrades throughout, it's move-in ready for tenants and offers excellent cash flow with gross income of $5,200 per month from newly screened tenants. Property Highlights: Newly Renovated: All five units have been meticulously updated with modern finishes, ensuring long-term tenant satisfaction and minimal maintenance for the new owner, including: *Granite Countertops: Each unit boasts beautiful new granite countertops, adding a touch of luxury to the kitchen spaces and plenty of counter space. *New Appliances: New appliances have been installed in each unit, providing modern conveniences and energy efficiency. *New Cabinets: The kitchens have been outfitted with new cabinetry, offering ample storage and a fresh, updated look. *Updated plumbing and electrical: The property features two newly installed water heaters, 5 new overflow tanks for all water heaters, ensuring consistent hot water supply across all units with minimal future maintenance. New shower diverters, new radiator valves, the electrical has been updated where needed, including new fixtures with energy-efficient lighting installed throughout the property, including all units and common areas. New electrical lines on exterior of building where needed. *Freshly Painted: Both the interiors of the units and common areas have been freshly painted, along with exterior painting, giving the entire building a clean, inviting appearance brought to its original charm. *Deck Improvements: Outdoor deck spaces have been upgraded, providing tenants with functional and appealing outdoor areas. Turnkey Investment: Current owners have started lease-up and can deliver the property fully occupied. With recent renovations complete, you will have minimal maintenance expenses anticipated. Code Compliant: This property is fully up to code, ensuring peace of mind for the new owner, including new Rental Licenses and Lead Certificates: Lead certificates. Financials: Gross Income is $5,200 per month, making this property a solid income generator from day one. Priced to sell quickly, this property offers a great return on investment in the growing Hagerstown market. This is a fantastic opportunity to own a fully renovated, income-producing asset in an emerging area. With all the hard work already doneânew finishes, updated systems, and compliance ensuredâ41 E Franklin is primed for immediate occupancy and cash flow. Donât miss outâthis property wonât last long at this CAP rate and level of renovation! Contact us today for more information or to schedule a private showing.
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MLS#
MDWA2024786
Property Type
Multi-Family
Year Built
1895
Square Feet
3,070
sq. ft
Price per Sq. Ft.
$117.23
Lot Size
0.06
Sewer
Public Sewer
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