UNDER CONTRACT $389,900 - Apartment Building, Apartments, MultiFamily
This property is a VALUE-ADD gem, perfect for investors looking for redevelopment opportunities. Its strategic location and potential for improvement make it an ideal choice for those aiming to enhance their investment portfolio with a property that offers both immediate returns and long-term growth prospects.
Exceptional Investment Opportunity! Discover this robust, all-brick apartment complex in the serene Sheppards Park Subdivision, ideally situated in the Bloomington area of Garrett County, Maryland, just west of the Allegany County border. This impressive property spans a single tax parcel and features an apartment complex originally built in 1965. It comprises 13 units, including 11 two-bedroom, one-bath apartments, and two efficiency apartments, offering a variety of living options. The complex also provides ample private parking for tenants and visitors. Set on a generous 1.25 acres of land, this property is not just a building but a significant investment in a desirable location.
Located just a 25-minute drive from the scenic Deep Creek Lake area, the VALUE-ADD gem benefits from the economic activity of the McHenry-Deep Creek Lake area, which enjoys all four seasons. The nearby Wisp Ski Resort is a key employer in winter, while the lake offers summer recreational activities. Route 219, a vital north/south route, leads to Interstate-68, a major east/west transportation corridor. The Baltimore/Washington area is two hours east, Morgantown, West Virginia is one hour west, and Pittsburgh, Pennsylvania is two hours north.
Don’t miss out on this opportunity! If you need more information or have any questions, please feel free to reach out. Contact Roberto Gonzalez at 240-203-6393 or via email at [email protected] for any extra details. We urge you to act swiftly to take full advantage of this offer. Also, keep in mind that if you’re looking to buy or sell, we are the top choice to help you meet your real estate objectives.
