Multiple Properties with Superior Location

Investment Summary

RG REALTY INC and Roberto Gonzalez are pleased to present for sale this incredible owner/investor opportunity! Currently fully occupied, TENANTS PAY UTILITIES . The subject property is located in the County, NO CITY TAXES, on the southeast side of Virginia Ave.(Rt.11) NESTLED IN WOODED AREA IN REAR. Popular neighborhood with a superior location to any comparable property in the area. The subject property is composed by multiple structures on site as follows: (3) three separated buildings on the 1.31 acres, ZONED COMMERCIAL JUST AROUND THE CORNER FROM VALLEY MALL. totaling 5 units. This is a quite an opportunity to invest in rental properties all in one location.
BUILDING #1 is the original structure. It is a converted single family house containing 3 UNITS as follows: 1/2 DBL with 3 bedrooms one bath, currently rented for $1,850.00 Two BEDS, One BATH #1 1st FLR, currently rented for $ 950.00 Two BEDS, One BATH #2 2nd FLR, currently rented for $1,000.00
BUILDING #2 consist of a large one story Ranch style single family home with a 20' utility room/storage area, with electric baseboard heat currently leased for $1400.00 a month.
BUILDING #3 on the rear of the property, a frame design two levels home, currently leased for $2,200.00
In addition, there is a Cinder/block two car garages that can be rented separately for an additional income. All buildings are generally in good condition and functional. There is a large parking area in the center of the property to accommodate the tenants and visitors vehicles. Property offers easy ingress/egress off Virginia Ave. This market area continues to grow with no evidence of any pending change.

Location Summary

The subject property is located on a major artery long narrow lot bordered on the left side by the bowling alley and roller skating ring. The neighborhood includes the Virginia Ave corridor from the west edge of Hagerstown to the RR tracks toward Williamsport. This is a mixed use area with a concentration of commercial businesses at street front in the Halfway area along with some older single family homes and small duplexes and apartments.
This area contains the heaviest concentration of population in the county. This is among other things a popular residential area. The location is convenient to all support facilities including major highway access, a major shopping center, schools, churches, and employment centers. This area has lower than average marketing times because of the good location features
Washington County is located in Western Maryland, approximately 60 miles west of both Washington, D.C. and Baltimore, Maryland. This greater metropolitan area has been one of the fastest growing markets in the nation since 2000. It ranks #1 in job creation with> 120K net new jobs created from 06/02-12/04. Government spending within this region has increased approximately 4 fold, primarily due to a build-up in homeland security. With most inner core counties having very tight development regulations, builders and buyers have ventured outward to areas like Washington County Excellent; I-70 with eleven county interchanges and I-81 with ten county interchanges bisect the county, intersecting southwest of Hagerstown. The internal road system is good although straining under a rapidly growing populous.