You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR SALE
Multifamily properties

20960 Maryland Hwy Bloomington, MD 21523

8,352 SF 1.25 ac lot Built 1965
Entity Owned 3-yr Hold
Property ID
US40-2243143
Property summary
AI-generated overview

This exceptional investment opportunity presents a 13-unit apartment complex situated on a spacious 1.25-acre lot in the desirable Sheppards Park Subdivision of Bloomington, Maryland. Built in 1965, this all-brick property offers a mix of 11 two-bedroom, one-bathroom apartments and two efficiency units, catering to a diverse range of tenants. The complex boasts ample private parking, a significant advantage for residents and visitors. Located in Garrett County, just west of the Allegany County border, this property benefits from its proximity to the thriving McHenry-Deep Creek Lake area, a region known for its four-season appeal. A mere 25-minute drive from Deep Creek Lake, the complex enjoys the economic advantages of this popular recreational destination. The nearby Wisp Ski Resort provides substantial winter employment, while the lake itself draws numerous visitors during the summer months. Convenient access to Route 219 and its connection to Interstate-68 ensures easy travel north and south, and east and west. The property's strategic location also offers easy access to major urban centers, including Baltimore/Washington (two hours east), Morgantown, West Virginia (one hour west), and Pittsburgh, Pennsylvania (two hours north). With a total of 8,352 square feet, this property represents a substantial investment in a sought-after location, offering both recreational appeal and convenient access to major transportation arteries. The property sits on a single tax parcel.

Property profile
Verified
Property type Multifamily properties
Year built 1965
Total area 8,352 SF
Lot 1.25 ac (54,450 SF)
UPID US40-2243143
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bloomington Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Barnett Investing LLC · 3 yrs held
Barnett Investing LLC
since 2022
1 recorded transaction
2022
$312,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message