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Bloomington Apartments 20960 Maryland Hwy

12 Unit Block of Flats £305,409 (£25,451/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 £305,409
Price Per Unit £25,451
Sale Type Investment
No. Units 12
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.25 AC
Building Size 8,352 SF
Average Occupancy 0%
Number of Floors 2
Year Built 1965
Parking Ratio 1.68/1,000 SF

Unit Amenities

  • Kitchen
  • Oven
  • Range
  • Tub/Shower

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-001478
Land Assessment
£24,439
Improvements Assessment
£223,240
Total Assessment
£247,679

zoning

Zoning Code R003
R003
  • Listing ID: 32283179

  • Date on Market: 28/06/2024

  • Last Updated:

  • Address: 20960 Maryland Hwy, Bloomington, MD 21523

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