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Burhans Village Peleton St. 54 Unit Apartment Building For Sale Hagerstown, MD 21740
Investment Highlights
- Rare Opportunity to Acquire a Newly Constructed Townhome Rental Community in Hagerstown, MD
- Excellent Location in Washington County
- Minimal Deferred Maintenance for a New Owner
Executive Summary
Harbor Stone Advisors is pleased to present Burhans Village, a newly constructed townhome rental community located in Hagerstown, MD. The property is conveniently situated just two minutes from Downtown Hagerstown, providing residents with easy access to a walkable main street filled with shops, restaurants, and breweries. The local area also features a vibrant community life with various annual events.
Completed in 2023, Burhans Village consists of (54) 3 Br-2 Ba luxury townhomes designed with high-end finishes. Each spacious residence is equipped with modern features such as stainless steel appliances, granite countertops, wood cabinetry, in-unit laundry facilities, and a combination of carpet and vinyl plank flooring.
Investment potential at Burhans Village includes the ability to organically raise rents. Additionally, a new owner may enhance the property's value by introducing new resident amenities, such as a playground or a dog park. Burhans Village has pre-existing debt that can be assumed. The current balance is $10,530,000 with a 5.74% interest rate and maturity of January 2032.
Completed in 2023, Burhans Village consists of (54) 3 Br-2 Ba luxury townhomes designed with high-end finishes. Each spacious residence is equipped with modern features such as stainless steel appliances, granite countertops, wood cabinetry, in-unit laundry facilities, and a combination of carpet and vinyl plank flooring.
Investment potential at Burhans Village includes the ability to organically raise rents. Additionally, a new owner may enhance the property's value by introducing new resident amenities, such as a playground or a dog park. Burhans Village has pre-existing debt that can be assumed. The current balance is $10,530,000 with a 5.74% interest rate and maturity of January 2032.
Property Facts
| Sale Type | Investment | Lot Size | 2.00 AC |
| No. Units | 54 | Building Size | 68,356 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2023 |
| Building Class | B | ||
| Zoning | RB-E | ||
| Sale Type | Investment |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 68,356 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
| Zoning | RB-E |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Freezer
- Island Kitchen
- Vinyl Flooring
- Large Bedrooms
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Fairly walkable
50/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $10,335,255 CAD | |
| Land Assessment | $1,586,070 CAD | Total Assessment | $11,921,325 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,586,070 CAD
Improvements Assessment
$10,335,255 CAD
Total Assessment
$11,921,325 CAD
Contacts
-
Brooks Healy -
Justin Verner -
Tom Wohlgemuth -
Kevin Landolphi -
Harbor Stone Advisors
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Burhans Village | Peleton St.
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