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220 222 Summit Avenue

Hagerstown, MD 21740

– beds
– baths
2,992 sqft
10,000 sqft lot
$177 per sqft
1913 build

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fantastic value-add property in Hagerstown. This property is strategically located next to the soon-to-be-built Hagerstown Multi-Use Sports and Events Facility stadium, and just a block away from the beautiful Hagerstown City Park. The location of this property offers residents easy access to recreational activities, shopping, dining, and entertainment. The property comprises of 8 well-designed one-bedroom, one-bathroom apartments, each with their own electric meter. The layout of each apartment is highly functional, providing comfortable living spaces for residents. In addition to the apartments, there are 4 carports and 3 garages, providing ample parking for residents and their guests. This property has immense potential for value appreciation, with the upcoming development of the sports and events facility, which is sure to attract visitors from across the region. The location of the property makes it highly desirable for tenants seeking comfortable and convenient living spaces. The property is being sold along with the adjacent 12-unit apartment building located at 224-226 Summit, providing a total of 20 units for investment. The opportunity to purchase both properties provides an investor with the potential to create a larger and more profitable rental portfolio. Overall, this property is an excellent investment opportunity, with the potential for strong rental income and capital appreciation in the coming years. Don't miss this chance to own a highly desirable value-add property in the heart of Hagerstown.

Listing courtesy of BRIGHT / RG Realty, Inc.

Last checked: Checking… • Last updated Jul 28, 2023 •

MLS# MDWA2013716 —

The Building

Year Built:

1913
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Brick
Structure Type:

Detached
Architectural Style:

Other
Building Units Total:

2
Accessibility Features:

None
Foundation Details:

Permanent, Block
Total SqFt Source:

Assessor
Total Below Grade SqFt:

730
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

2992

Interior

Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

3722
Living Area SqFt:

2,992 Sqft

Financial & Terms

Sale Type:

Standard
Buyer Financing:

Cash
Possession:

Settlement

Location

Directions:

GPS
Latitude:

39.63906000
Longitude:

-77.72563000

The Property

Property Type:

Multi-Family
Property Subtype:

Other
Lot Size Units:

Square Feet
Lot Size Acres:

0.23
Lot Size Source:

Assessor
Lot SqFt:

10,000 Sqft
Zoning:

RMED
In City Limits:

Yes
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

R
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

2225021355
Tax Year:

2023
Tax Lot:

2
Tax Annual Amount:

$2,778
Tax Assessed Value:

$158,867
Year Assessed:

2023
County Tax:

1297.00
City/Town Tax:

1420.00
Total Taxes Payment Frequency:

Annually

The Listing

Close Sale Type:

Short Sale
Buyer's Brokerage Compensation:

3%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

Wall Unit
Central Air:

No
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Baseboard - Electric
Heating Fuel:

Electric

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

School District Name:

Washington County Public Schools
School District Source:

Listing Agent

The Community

Pool:

No Pool

Parking

Total Garage and Parking Spaces:

6
Garage:

Yes
Garage Features:

Other
Garage Spaces:

3.00
Type of Parking:

Alley, Attached Carport, Detached Garage
# of Detached Garage Spaces:

3
# of Attached Carport Spaces:

3

Extra Units

Vacation Rental:

No
One Bedroom Units:

8

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From

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Provided by WalkScore® Inc.

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Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
7/28/23 Jul 28, 2023	Sold	BRIGHT	$530,000	-36.9%
3/16/23 Mar 16, 2023	Listed / Active	BRIGHT	$840,000

Multifamily Sold on 7/28/2023 – Short Sale

$530,000

Listing provided by broker:

Roberto G. Gonzalez

RG Realty, Inc.

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Listing Courtesy of: BRIGHT and RG Realty, Inc..

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

220 222 Summit Avenue

Hagerstown, MD 21740