Multi Family Home for Sale, 37 A & B South Colonial Dr, Hagerstown, Maryland 21740

This well kept investment property is ready for new ownership. 2 Units each with 3 bedrooms and 1.5 bathrooms. Full walk-out basements with laundry areas on each side. Basements could be finished to add additional living space and rental income. Each side has had numerous updates since the property was constructed and has been owned by the same individuals since it was constructed in 2004. Each time the units are rented tenants have been long term renters. The property is easy to own and maintain. Rental rates are $1575 per side with new tenants taking occupancy on 12 month lease agreements.
Tenants pay electric, water and sewer charges. The rent includes lawn care, trash and recycling service. Recent property updates include... new roof in 2025, new front concrete porch and structural vinyl columns in 2024, improved decks and new upgraded deck stain 2025, new central AC in Unit B 2025, central AC in Unit A was replaced a few years ago, new hot water heater in Unit A 2025, updated appliances, fresh paint throughout both units in the past few weeks. Paved off-street parking. Minimal expenses for property owners. Convenient location near Rt.40, I-70 as well as major shopping, dining and employment centers.