Rent report generated Dec 13, 2024
The Rent Potential of
237 Summit Ave Hagerstown, MD
is $1,095 – $1,150/mo.
Rent Advice
The property at 237 Summit Ave in Hagerstown, Maryland, presents a compelling opportunity in a neighborhood with historic appeal. With an estimated rent range of $1,095 to $1,150 per month, annual revenue could approximate $13,140 to $13,800. Given the list price of $140K, the estimated payback period, excluding maintenance and other costs, would be about 10 to 11 years. The neighborhood's historic charm adds unique appeal, though the property's age might present maintenance challenges.
To enhance rental value, consider modernizing amenities like kitchen appliances or adding energy-efficient features. If contemplating a sale, highlight the property's location in Historic Heights and its proximity to downtown Hagerstown. Addressing any structural or cosmetic updates could also boost appeal and value. Marketing this property with its historical charm and potential for rental income might attract investors interested in long-term gains.
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