1301 Virginia Avenue

Description

We are delighted to present 1301 Virginia Ave, Hagerstown, MD, as a compelling investment opportunity. This property embodies the promise of a strategic real estate investment. Here's a comprehensive investment summary to help you understand the potential benefits of this offering:1301 Virginia Ave is a well-maintained, historic Victorian multi-family property, exuding charm and character.The property features five spacious one-bedroom, one-bath apartments, meticulously designed for multi-family living.It boasts a solid foundation of stone and masonry, and all windows have been upgraded to modern double-hung vinyl windows.Key Property Attributes:Captivating architecture with a wrap-around porch, adding to its curb appeal.Convenient amenities such as walk-up steps and rear/side porches and stairwells.A well-maintained site, including concrete walkways, lawns, minor landscaping, and a paved parking lot with space for four vehicles and three garages.Investment Potential:Strong rental rates and favorable market conditions with one of the industry's lowest vacancy rates, ensuring a steady income stream.Substantial potential for increasing rental income across all units without major property improvements.Situated in a sought-after location near the Valley Mall and Hagerstown Outlets, enhancing its appeal to potential tenants.Location Highlights:The northwest location of Hagerstown provides convenient access to major transportation routes, making it an attractive and accessible choice.The surrounding area supports multi-family properties, thanks to its diverse and financially capable population.Close proximity to retail and shopping, ensuring residents have easy access to a variety of amenities.