tomo logo

$475,000

Beds
8
Baths
4.5
sq ft
4,034

1111 Salem Ave, Hagerstown, MD 21740

1111 Salem Ave

HAGERSTOWN, MD 21740

  • 96 days on market
    • Price drop $24,000↓
Welcome to an exceptional investment opportunity in the heart of Hagerstown, Maryland! This unique property features two separate buildings, comprising a total of four rental units. Each unit is designed to maximize comfort and functionality, ensuring a steady stream of rental income. With a combined total of 9 bedrooms and 5 bathrooms, this property promises significant rental potential and a versatile layout to suit various tenant needs. The property includes two well-maintained buildings, each housing multiple units. This setup offers flexibility and a strong rental yield .The spacious units provide a total of 9 bedrooms and 5 bathrooms, accommodating larger groups or families and enhancing rental appeal. Currently collecting rental income from all units, this property offers immediate cash flow with potential for rental growth.Situated in a desirable area, the property benefits from proximity to local amenities, schools, parks, and transportation options, making it attractive to tenants.The property features ample outdoor space for tenants, whether for leisure, gardening, or additional parking needs.Contact us today to schedule a viewing and see firsthand the value and potential this property has to offer!

Details

Property type

Single Family Residence

Est. home value

$381,562

Lot size

0.23 acres

Price per sq ft

$118

Year built

1929

Annual property taxes

$5,896

HOA

No

Price History

08/05/2024
Bright

Bright #MDWA2022568

Price change
$475,000
-4.81%
08/01/2024
Bright

Bright #MDWA2022568

Removed
$499,000
07/03/2024
Bright

Bright #MDWA2022568

Pending
$499,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

WASHINGTON COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Hometown Equity Mortgage

Loan start date

September 2022

Original loan amount

$308,750

Est. remaining balance

Not provided

Interest rate

5.3%

Loan type

Commercial, 30 year

Seller

Charm City Capital Llc

Lender

Navigator Private Capital Llc

Loan start date

November 2021

Original loan amount

$238,125

Est. remaining balance

Not provided

Interest rate

3.01%

Loan type

Purchase Money Mortgage

Seller

Charm City Capital Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/28/2024 at 8:35 PM

Listing updated: 09/18/2024 at 2:16 AM

Listed by: John P Ippolito, Redfin Corp Phone #: (301) 658-6186

MLS: Bright #MDWA2022568

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