Multifamily For Sale

$199,900

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121 E Franklin Street
Hagerstown, MD 21740

  • – beds
  • – baths
  • 3,166 sqft
  • 10,215 sqft lot
  • $63 per sqft
  • 1873 build

Four unit apartment building available. 2 units were recently renovated and 2 units are in need of complete renovation. The property is being sold as-is and does need work. Apartment #3 is renovated and currently unoccupied. Apartment #4 was recently renovated and is currently tenant occupied. Apartment #2 & #1 had demolition started and remain in an unfinished state. The property includes three 1 bedroom units and one 2 bedroom unit. Each unit has it's own electric hot water heater, central air, central heating and is meter separately for electric. Water/sewer are common to the entire building. The property does include a large paved parking lot for 10 to 12 vehicles in the rear. The owner previously had the rear of the lot subdivided and a large detached garage was added to this property as well. The owner has relocated and no longer has interest in finishing the renovations to this building, which is why it's being sold as-is. Apartment #4 rents at $750 and Apartment #3 was previously rented at $675. Tenants pay all their own utilities except water/sewer. Once Apartment #1 & #2 are renovated we project the rents to be $675 for Apt 2 and $995 for Apt 1. The detached garage rents at $350 per month. Total projected income once the two remaining units are renovated would equal $41,340 annually. Lead paint inspections rental licenses are available for apt 3 & 4.

BRIGHT logo Listing courtesy of BRIGHT / Century 21 Market Professionals

Last checked: Checking… • Last updated Oct 16, 2021 •

MLS# MDWA2000225 —

Amenities & Taxes

The Building

Year Built:
1873
Year Built Source:
Assessor
New Construction:
No
Construction Materials:
Brick, Stone
Structure Type:
Twin/Semi-Detached
Architectural Style:
Colonial
Historic:
No
Building Units Total:
4
Building Levels:
3
Roof:
Asphalt, Rubber
Accessibility Features:
None
Foundation Details:
Stone
Basement:
Yes
Basement Type:
Connecting Stairway, Full, Unfinished
Building Winterized:
No
Total SQFT Source:
Estimated
Total Below Grade SQFT Source:
Estimated
Total Below Grade SQFT:
1130
Tax Total Finished SQFT:
3166

Interior

Interior Features:
Carpet, Ceiling Fan(s), Kitchen - Eat-In, Kitchen - Galley
Flooring Type:
Carpet, Hardwood, Vinyl
Fireplace:
No
Wall & Ceilings:
Dry Wall, Unfinished Walls
Living Area SQFT Source:
Assessor

Room Dimensions

Total SQFT
4296
Living Area SQFT:
3,166 Sqft

Financial & Terms

Sale Type:
Standard
Acceptable Financing:
Conventional, Cash
Possession:
Settlement

Location

Directions:
To Find the property parking lot follow these directions... From 1-70 Take Exit 32 (Rt.40) and head West towards Hagerstown / Travel several miles on Rt.40 and enter downtown Hagerstown / Once in Downtown turn left on Mulberry Street / Once on Mulberry Street turn right into the first alley you come to. About halfway down the block turn right into the rear parking area of 121 E. Franklin Street.
Latitude:
39.64166000
Longitude:
-77.71630000
Location Type:
Urban

The Property

Property Type:
Multi-Family
Property Sub Type:
Other
Property Condition:
Below Average
Lot Size Acres:
0.23
Lot Size Source:
Assessor
Lot Features:
Cleared, Rear Yard
Lot SQFT:
10,215 Sqft
Other Structures:
Above Grade, Below Grade
Outdoor Living Structures:
Deck(s)
View:
City, Garden/Lawn, Street
Zoning:
CCMU
Zoning Description:
Commercial District Zoning with Residential Use
Road Surface Type:
Paved
Road Responsibility:
State
Water View:
No
Waterfront:
No
Navigable Water:
No
Water Access:
No
Water Oriented:
No
Lot Size Units:
Square Feet
Ground Rent Exists:
No
Riparian Rights:
No
In City Limits:
Yes
Land Use Code:
104
Tidal Water:
No

Listing Agent

Contact info:

Taxes

Tax ID Number:
2222012320
Tax Year:
2020
Tax Annual Amount:
$2,789
Tax Assessed Value:
$141,800
Year Assessed:
2021
County Tax:
1325.00
City/Town Tax:
1463.00
Total Taxes Pymnt Freq:
Annually

The Listing

Buyer's Brokerage Compensation:
2.5%
Buyer Agency Comp Type:
% Of Gross

Heating & Cooling

Cooling Fuel:
Electric
Cooling Type:
Ceiling Fan(s), Central A/C, Heat Pump(s)
Central Air:
Yes
Heating:
Yes
Heating Type:
Forced Air, Heat Pump(s)
Heating Fuel:
Electric

Utilities

Sewer Septic:
Public Sewer
Electric Service:
Circuit Breakers, 200+ Amp Service
Hot Water:
Electric
Water Source
Public
Internet Services:
Broadband, Cable, DSL, Fiber Optic

Appliances

Appliances:
Oven/Range - Electric, Refrigerator

Schools

Elementary School:
Eastern
Middle School:
E Russell Hicks
High School:
SOUTH HAGERSTOWN
School District Source:
Listing Agent

The Community

Subdivision Name:
Downtown Hagerstown
Exterior Features:
Exterior Lighting, Sidewalks, Street Lights
Spa:
No
Pool:
No Pool
Transportation:
Airport less than 10 miles, Bus Stop less than 1 mile, Commuter Lots less than 5 miles
Municipal Trash:
Yes
Association Recreation Fee:
No

Parking

Total Garage and Parking Spaces:
13
Type of Parking:
Alley, Parking Lot, Detached Garage
Garage:
Yes
Garage Features:
Garage - Rear Entry, Additional Storage Area
Garage Spaces:
3.00
Parking Features:
Paved Parking
# of Detached Garage Spaces:
3
Parking Lot - # of Spaces:
10

Extra Units

Number Of Units:
1
Vacation Rental:
No
Units Furnished:
None
One Bedroom Units:
3
Two Bedroom Units:
1

Schools

Rating Details

South Hagerstown Sr High School

  • Public
  • 9-12
  • 1.7 mi

Eastern Elementary School

  • Public
  • K-5
  • 1.7 mi

E. Russell Hicks School

  • Public
  • 6-8
  • 2.0 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Flood Risk

This property has minimal flood risk

This property has a . Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.

Provided by Flood Factor®

Flood Insurance

Recommended: MassiveCert estimates that this property is in FEMA Zone X, which means that flood insurance is recommended, but not required.

Get an instant insurance quote

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WalkScore®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Loud Moderate Quiet

Sale history

Date Event Source Price % Change
10/14/21
Listed / Active BRIGHT $199,900

Finding records…

No additional history available

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