For Sale
$3,200,000

15149 Bloyers AveHagerstown, MD 21740

17-Unit Apartment Building, Fully Occupied

Overview

Added:
Feb 13
Days on market:
51
This exceptional Class A, fee-simple multifamily investment property, located at 15149 Bloyers Ave, Hagerstown, MD 21740, presents a rare opportunity for immediate cash flow and long-term growth. The property comprises four, two-story buildings totaling seventeen units: eight two-bedroom units, eight one-bedroom units, and one four-bedroom single-family home. Currently boasting 100% occupancy and professionally managed, this stabilized investment requires minimal oversight. Extensive renovations completed in 2024 include new 30-year metal roofs, upgraded interiors featuring LED lighting and waterproof laminate flooring, premium kitchens with new cabinets, countertops, and select stainless-steel appliances. Exterior improvements encompass a new septic system, landscaping, and paved parking lot. The property is lead-free certified, ensuring compliance with modern safety standards. Situated in Washington County, this prime location offers the advantage of no city taxes, resulting in lower expenses and higher net cash flow. The asking price is $3,200,000. This turnkey asset offers immediate returns, long-term stability, and minimal capital expenditure, making it an ideal addition to any investor's portfolio. The property's diverse unit mix, high occupancy rate, and recent renovations contribute to its strong financial performance and attractive investment potential.

Highlights

  • $3,200,000 asking price for a stabilized Class A multifamily investment.
  • 17-unit apartment building with 100% occupancy, generating immediate cash flow.
  • Diverse unit mix: 8 two-bedroom, 8 one-bedroom units, and 1 four-bedroom single-family home.
  • Recently renovated (2024) with new 30-year metal roofs, upgraded interiors, premium kitchens, and exterior improvements including a new septic system, landscaping, and paved parking lot.
  • Lead-free certified, professionally managed, and located in a prime location with no city taxes.

Property Details for 15149 Bloyers Ave

Property type
Apartment buildings
Class
A
Year Renovated
2024
Buildings
4
Stories
2
Units
17

Location Insight

City
Hagerstown
County
Washington
State
Maryland
Latitude
39.6561586
Longitude
-77.8428876
15149 Bloyers Ave, Hagerstown, Maryland

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15149 Bloyers Ave
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