Excellent 5-Unit Investment Opportunity - Prime Location in Hagerstown
Located at 17410 Wilford Avenue, this well-maintained 5-unit multifamily property presents a solid investment opportunity with stable income and long-term upside potential. The building consists of a mix of units: three 1-bedroom apartments, one 2-bedroom unit, and one spacious 3-bedroom unit, generating a gross annual income of $53,100. There is coin operated laundry for additional income.
Originally updated in 2013, the property features newer windows, roof, and white aluminum siding, offering long-lasting durability and curb appeal. Sitting on an oversized lot, the property also offers potential for future development or expansion, such as a small additional structure (subject to zoning approval).
Amenities include off-street parking for tenants and a convenient location near Halfway Park, shopping centers, and major interstates (I-70 & I-81), ensuring high rental demand. The property is in overall good condition, and while current rents may be slightly below market, there is room for value-add through rent adjustments.
Whether you're a seasoned investor or expanding your portfolio, this property offers strong fundamentals, cash flow, and future growth possibilities.
Don't miss this opportunity to own a turnkey income-producing property in a growing area!
