$ 825,000
-
$825,000
Price -
0
Bed -
0
Bath -
9,834
SqFt
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About the Listing EXXP11 - 108464,3281504
Ready to make the jump from single-family rentals into multifamily? Looking to add another income-producing asset to your existing portfolio? Or searching for a property that can support both your business operations and program housing under one roof? This unique mixed-use property in Hagerstown, MD offers 8 residential units and 4 commercial units across a substantial, versatile footprint. The residential component consists of eight 1BR units featuring spacious bedrooms, kitchens, full bathrooms, living areas, hardwood flooring, abundant natural light, and multiple exterior balconies. The four commercial units provide significant flexibility for a variety of potential uses, with existing space that includes offices, meeting and work areas, a large gym/recreation area as a unit, multiple kitchens and bathrooms, storage, laundry facilities, and expansive first-floor space. For the traditional investor, the property presents an opportunity to scale from single-family into multifamily or add a mixed-use asset with multiple income streams to an existing portfolio. For an owner-user or program operator, the combination of residential and commercial space creates the potential to house clients or program participants while supporting administrative offices, staff, recreation, meetings, services, and other operational needs within the same property. Conveniently located near Downtown Hagerstown with access to shopping, restaurants, services, and major area amenities. Potential market cap rate of 11–12% with projected ROI of 18–19%. Whether you're looking to scale your rental portfolio, expand your multifamily holdings, or establish a home for your organization and its housing needs, this property offers a rare combination of income potential, scale, and flexibility. All units will be delivered vacant at the time of settlement. Buyer to independently verify zoning, licensing, permitted uses, financial projections, and suitability for any intended use.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Commercial Sale
MLS ®
MDWA2039932
Year Built
1957
Total Square Footage
9,834
Lot/Acreage
0.11
County
Washington
School District
Washington County Public Schools
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Baseboard - Hot Water
- Fireplaces:
- Floor: Luxury Vinyl Plank,Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: CG
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street,Driveway,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $8,445
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2021
Payment Calculator
Monthly Payment
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- in Taxes
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% Down Payment
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Questions About..
600 Potomac Ave Hagerstown, MD 21740
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