OPEN HOUSE SAT. 10/17. 1-3 PM Whoa, 17K price enhancement!
Who said garages? Welcome to this beautifully updated
home located in the desirable neighborhood of Walnut Point Heights.
No city, Taxes, No HOA Fee's. This meticulously renovated 3-bedroom
2-bath, 3 car garage home boasts a modern aesthetic with sleek new
flooring and paint throughout, new windows, and finished basement.
The finished basement adds exceptional flexibility, featuring a
full bath, expansive living area with a wood pellet stove, ideal
for an office, gym, or guest space, and a separate exterior
entrance - making it well-suited for extended living or potential
income-producing use. This home has 2 full bathrooms beautifully
remodeled with new fixtures and finishes. Just off the kitchen,
enjoy a sun-filled dining area with direct access to the deck,
creating an easy indoor-outdoor lifestyle. Enjoy the open floor
plan, high ceilings, abundant natural light, and a large fully
fenced in backyard for your furry friends - while relaxing or
entertaining guests on the spacious back patio. Additional updates
include a Hikvision Closed Circuit 6 Camera System, an existing
Wired ADT Security System, a newer Water Heater and HVAC (2022),
ceiling fans throughout, recessed lighting, manibloc pex plumbing,
finished 1 car attached and 2 car detached garage, and recently
resealed deck, offering peace of mind for years to come. BRING YOUR
TOYS!!! Unique to this property is a 2x6 framed fully insulated
oversized 2 car detached garage with workshop (28'x36') with plenty
of parking for your RV, boat or Semi. The detached garage provides
exceptional top and bottom space for storage, vehicles, or hobbies.
A 100 amp sub panel is installed and fully wired. An added bonus is
a plumbed in air compressor system with 8 total air connection
locations, and epoxy finished flooring, and an outdoor "Timber
Mill" 12x16 shed. This move-in ready gem is the perfect blend of
comfort, updates, and opportunity-all in one. This home is
conveniently located near the Hagerstown Regional Airport, commuter
routes and minutes from shopping/dining areas.
NOTE: The public records may say land use/exempt. This means the
current owner has tax exemption status. The land is indeed
included with the home.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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