Peleton St
- 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
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 54 |
| Year Built: | 2023 |
| Lot Size: | 2.00 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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