📍 Address: 422-424 McDowell Ave, Hagerstown, MD, 21740
💰 Starting Price: $229,500 | Buy It Now: $235,000
📈 ARV: $360k+ | Est. Rent: $1.5k/mo.+
🗓️ Closing: September 2025
Need Deal Funding? Click Here for Fix & Flip / DSCR
💡 Why This Deal Makes Sense
- ✅ Endless Potential to Craft Your Vision
- ✅ Several Updates/Improvements Already Completed
- ✅ Large Lot
- ✅ Hot Rental Market
🔍 Property Details
- Beds/Baths: 4-6 beds / 4 baths
- Total SQFT: 3360 (Above Grade: 2688 / Below Grade: 672)
- Lot Size: 0.12ac
- Year Built: 1900
- Type: Four Unit Quadruplex / Two Unit Duplex / Two Semi-Detached Townhomes
- Parking: Street and/or add a parking in rear lot
- Systems: Electric, Baseboard Heat, Hot Water
- Neighborhood: Hagerstown
- County: Washington County
🔧 Rehab Notes
- The property lost non-conformity as it was renovated without proper permits. Vacant since 2017. The property is not able to remain as 4 units. It must be converted back to 2 units. Related documents provided by City of Hagerstown are available by request.
- Comparable sales indicated possible higher returns for semi-detached individual sales.
📊 Comps (Courtesy Only)
- SFP: 432 McDowell Ave (4bd/1ba/1302sqft) – $255k ACT
- MFD: 486 McDowell Ave (2 units, 2700sqft) - $345k ACT
- SFP: 310 West Side Ave (3bd/1ba/1280sqft) | MDWA2028050 | $206k CLS
- MFD: 724 Salem Ave (3 units, 2147sqft) | MDWA2023988 | $310k CLS
- MFD: 400 McDowell Ave (4 units, 3342sqft) | MDWA2023786 | $425k CLS
- SFP: 429 Clarendon Ave (3bd/2ba/1020sqft) | MDWA2024980 | $200k CLS
🔒 Terms & Offer Info
- This is a wholesale assignment contract
- As always, we co-op with all agents
- Cash / Hard Money / Private Funds Only
- Buyer is responsible for all closing costs
- Must use our title company: TBD
- EMD: $5000 Non-Refundable due within 24 hours
- Proof of Funds Required
- Sold As-Is, including all contents
- Delivered Vacant, Settlement September 2025
- Attempting to contact the seller or walk the property without our permission will result in being blacklisted from all lists and properties.
- THIS LISTING SHALL NOT BE COPIED, REPUBLISHED, OR DISTRIBUTED WITHOUT WRITTEN CONSENT FROM AS-IS EQUITY
👉 Submit Offer Here: Click To Submit
📷 Photos & Walkthrough: Click To View
Disclaimers
IMPORTANT: This listing represents an assignment of a purchase contract, not a direct property sale. The advertised price includes the original contract price plus an assignment fee. Buyer is responsible for conducting their own due diligence. All information provided is believed to be accurate but not guaranteed. This opportunity is offered to qualified real estate investors only. This is not a retail property listing and no real estate agent relationships are implied or established through this marketing material. Time-sensitive opportunity - this contract is being offered to multiple investors
Off-Market Deals
