222 Myers St - Manufactured Housing/Mobile Housing FOR SALE


Hancock, MD 21750
$410,000 USD
240-444-4656
222 Myers St, Hancock, MD for Sale
$410,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/7
null | 11.5% Cap Rate

222 Myers St
Hancock, MD 21750


HIGHLIGHTS

  • Opportunity to Acquire a Renovated Mobile Home Community in Washington County
  • Excellent Location in Washington County

OVERVIEW

Harbor Stone Advisors is pleased to present the opportunity to acquire 222 Myers St, a mobile home community located in the town of Hancock in Washington County. Hancock is situated near major interstates I-70 and I-68, and is a 30 minute drive from Hagerstown. 222 Myers St features 5 park owned mobile homes and 1 tenant owned mobile home. Typical mobile home features consist of black/stainless steel appliances, wood cabinets, hard surface countertops, and hardwood flooring. Current owner renovated all mobile homes including electrical service upgrades, coated roofs, updated countertops and appliances, hardwood flooring and water sub meters. The opportunity exists for a new owner to focus on organically increasing the lot rents at the property.

FOR SALE DETAILS

PRICE

$410,000 USD

PRICE/SF

$137 USD /SF

# OF UNITS

6

PRICE/UNIT

$68,333

CAP RATE

11.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Myers MHC

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

TR

APN/PARCEL ID

05-009332

ASK ABOUT THIS PROPERTY

Tom WohlgemuthHarbor Stone AdvisorsMore Info
240-444-4656

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Tom WohlgemuthHarbor Stone AdvisorsMore Info
240-444-4656

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.