6-8 N MULBERRY ST Active Save Request In-Person Tour Request Virtual Tour
Hagerstown,MD 21740
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,390 sqft
Price per Sqft $66
Subdivision Hagerstown
MLS Listing ID MDWA2026710
Style Colonial
Year Built 1962
Annual Tax Amount $1,695
Tax Year 2024
Lot Size 3,685 Sqft
Property Sub-Type Other
Property Description
Investor Alert - Income-Generating Mixed-Use Property! This prime commercially zoned, mixed-use property offers an outstanding investment opportunity with potential for $24,000+ gross annual income.
The the second level offers a fully renovated 3-bedroom apartment that is turn-key and move-in ready with immediate income producing potential. The main level office/flex space is currently leased to long-term tenants, providing a steady revenue stream. With flexible zoning, this space has endless possibilities.....convert the first level to additional residential units to maximize profit or take it back and recreate the bar that it once was.
Situated in a high-demand area with excellent visibility, this property is ideal for investors seeking strong returns in a stable, well-maintained asset. This property will not qualify for residential financing due to the first level commercial space and will require a commercial loan.
Location
State MD
County Washington
Zoning CCMU
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Luxury Vinyl Plank,Carpet
Exterior
Utilities Available Electric Available,Natural Gas Available
Water Access N
View City
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Acceptable Financing Cash,Bank Portfolio,Conventional
Listing Terms Cash,Bank Portfolio,Conventional
Special Listing Condition Standard