20960 Maryland Hwy - Apartments FOR SALE


Bloomington, MD 21523
$389,900 USD
301-991-0207
20960 Maryland Hwy, Bloomington, MD for Sale
$389,900 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

20960 Maryland Hwy
Bloomington, MD 21523


OVERVIEW

Exceptional Investment Opportunity! Explore this robust, all-brick currently vacant apartment complex located in the peaceful Sheppards Park Subdivision, nestled in the Bloomington area of Garrett County, Maryland, just west of the Allegany County border. This notable property encompasses a single tax parcel and boasts an apartment complex originally constructed in 1965. It features 13 units, including 11 two-bedroom, one-bath apartments, and two efficiency apartments, offering a diverse range of living options. Additionally, the complex provides ample private parking for tenants and visitors. Occupying a substantial 1.25 acres of land, this property represents a significant investment in a sought-after location. Strategically positioned just a 25-minute drive from the scenic Deep Creek Lake area, the property benefits from the driving economic force of the McHenry-Deep Creek Lake area, which experiences all four seasons. The nearby Wisp Ski Resort serves as a major employer during the winter months, while the lake itself offers a plethora of summertime recreational activities. Route 219, a crucial north/south route, provides easy access to Interstate-68 to the north, a major east/west transportation artery. The property is conveniently located two hours east of the Baltimore/Washington area, one hour west of Morgantown, West Virginia, and two hours north of Pittsburgh, Pennsylvania, making it an attractive option for those seeking both recreational activities and natural beauty, as well as easy access to major urban centers.

FOR SALE DETAILS

PRICE

$389,900 USD

PRICE/SF

$47 USD /SF

# OF UNITS

12

PRICE/UNIT

$32,492

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bloomington Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

R003

APN/PARCEL ID

04-001478

ASK ABOUT THIS PROPERTY

Roberto GonzalezRG Realty Inc.More Info
301-991-0207

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Roberto GonzalezRG Realty Inc.More Info
301-991-0207

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.