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Bloomington Apartments 20960 Maryland Hwy 12 Unit Apartment Building $539,384 CAD ($44,949 CAD/Unit) Bloomington, MD 21523

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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

Price $539,384 CAD
Price Per Unit $44,949 CAD
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
Zoning R003

AMENITIES

UNIT AMENITIES

  • Kitchen
  • Oven
  • Range
  • Tub/Shower

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-001478
Land Assessment
$43,964 CAD
Improvements Assessment
$395,255 CAD
Total Assessment
$439,220 CAD
  • Listing ID: 32283179

  • Date on Market: 2024-06-28

  • Last Updated:

  • Address: 20960 Maryland Hwy, Bloomington, MD 21523

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