443-523-6865
Peleton St., Hagerstown, MD for Sale
Apartments - FOR SALE
1/19
null | Request Cap Rate

Peleton St.
Hagerstown, MD 21740
West Hagerstown


HIGHLIGHTS

  • Rare Opportunity to Acquire a Newly Constructed Townhome Rental Community in Hagerstown, MD
  • Minimal Deferred Maintenance for a New Owner
  • Excellent Location in Washington County

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

54

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burhans Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

RB-E

APN/PARCEL ID

25-066731,25-066732,25-066733,25-066734,25-066735,25-066736,25-066737,25-066738,25-066739,25-066741,25-066742,25-066743,25-066744,25-066745,25-066746,25-066747,25-066748,25-066752,25-066753,25-066754,25-066755,25-066756,25-066757,25-066758,25-066759,25-066760,25-066761,25-066762,25-066763,25-066764,25-066765,25-066766,25-066767,25-066768,25-066769,25-066771,25-066772,25-066773,25-066774,25-066775,25-066776,25-066777,25-066778,25-066780,25-066781

ASK ABOUT THIS PROPERTY

Brooks HealyHarbor Stone AdvisorsMore Info
443-523-6865

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Brooks HealyHarbor Stone AdvisorsMore Info
443-523-6865

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