1301 Virginia Ave, Hagerstown, MD 21740

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.