Bloomington Apartments | 20960 Maryland Hwy
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Bloomington Apartments 20960 Maryland Hwy
12 Unit Apartment Building $389,900 ($32,492/Unit) Bloomington, MD 21523
Executive Summary
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.
Property Facts Under Contract
Price | $389,900 | Building Class | C |
Price Per Unit | $32,492 | Lot Size | 1.25 AC |
Sale Type | Investment | Building Size | 8,352 SF |
No. Units | 12 | Average Occupancy | 0% |
Property Type | Multifamily | No. Stories | 2 |
Property Subtype | Apartment | Year Built | 1965 |
Apartment Style | Low Rise | Parking Ratio | 1.68/1,000 SF |
Price | $389,900 |
Price Per Unit | $32,492 |
Sale Type | Investment |
No. Units | 12 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 1.25 AC |
Building Size | 8,352 SF |
Average Occupancy | 0% |
No. Stories | 2 |
Year Built | 1965 |
Parking Ratio | 1.68/1,000 SF |
Unit Amenities
- Kitchen
- Oven
- Range
- Tub/Shower
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PROPERTY TAXES
Parcel Number | 04-001478 | Improvements Assessment | $285,000 |
Land Assessment | $31,200 | Total Assessment | $316,200 |
PROPERTY TAXES
Parcel Number
04-001478
Land Assessment
$31,200
Improvements Assessment
$285,000
Total Assessment
$316,200
zoning
Zoning Code | R003 |
R003 |
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Bloomington Apartments | 20960 Maryland Hwy
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