15149 Bloyers Ave Hagerstown, MD 21740

Property Details for 15149 Bloyers Ave

Lot size

2.72 lot acres

Property size

9,859 SF

Zone code

RV

Property type

Commercial real estate

APN

23-007770

APU

23007770

Description

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.