Myers MHC | 222 Myers St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Myers MHC 222 Myers St
6 Unit Mobile Home Park $590,130 CAD ($98,355 CAD/Unit) Hancock, MD 21750
Executive Summary
Myers MHC offers investors
the opportunity to purchase
a stable, cash flowing asset on
all city utilities, well located in
Hancock on top of a hill on a
quiet dead end street and less
than a half mile from I-70. Easy
access to I-70 means residents
are just 30 minutes away from
Hagerstown, MD.
– Opportunity for an investor to purchase a stabilized
community at an attractive in place yield and continue
pushing rents. If all 6 units were brought up to the total
home rent currently in place, an investor would add over
10% ($7,000) to the property’s annual gross income.
– Current owner purchased the asset out of foreclosure
and completed an extensive rehab of 5 homes including
but not limited to electrical service upgrades, roof
coatings, new countertops and stainless-steel appliances,
new flooring and interior and exterior paint, and water
sub-meters. The Owner also brought in a new home
this year and expects that to be sold or filled within the
coming months.
– There is a lack of renovated housing stock in the area.
After completing home rehabs, current owner was able
to lease up units rapidly, demonstrating the tremendous
demand for quality affordable housing in the area.
– Water, sewer, and trash are included in rent, and property
owner also has the right to bill back additional amounts if
usage is higher than allowed.
– Within a 10-mile radius of the community, the 2024
total population is 19,099 people with strong average
household incomes of $85,619 and average home values
of $275,469.
– Hancock was recently officially designated as “Maryland’s
Trail Town” by the governor of Maryland. There are 13
national and regional hiking/biking trails that run through
the town and with more than 4.3 million people using
these trails annually, Hancock is a natural stopping point
for many of these outdoor enthusiasts.
the opportunity to purchase
a stable, cash flowing asset on
all city utilities, well located in
Hancock on top of a hill on a
quiet dead end street and less
than a half mile from I-70. Easy
access to I-70 means residents
are just 30 minutes away from
Hagerstown, MD.
– Opportunity for an investor to purchase a stabilized
community at an attractive in place yield and continue
pushing rents. If all 6 units were brought up to the total
home rent currently in place, an investor would add over
10% ($7,000) to the property’s annual gross income.
– Current owner purchased the asset out of foreclosure
and completed an extensive rehab of 5 homes including
but not limited to electrical service upgrades, roof
coatings, new countertops and stainless-steel appliances,
new flooring and interior and exterior paint, and water
sub-meters. The Owner also brought in a new home
this year and expects that to be sold or filled within the
coming months.
– There is a lack of renovated housing stock in the area.
After completing home rehabs, current owner was able
to lease up units rapidly, demonstrating the tremendous
demand for quality affordable housing in the area.
– Water, sewer, and trash are included in rent, and property
owner also has the right to bill back additional amounts if
usage is higher than allowed.
– Within a 10-mile radius of the community, the 2024
total population is 19,099 people with strong average
household incomes of $85,619 and average home values
of $275,469.
– Hancock was recently officially designated as “Maryland’s
Trail Town” by the governor of Maryland. There are 13
national and regional hiking/biking trails that run through
the town and with more than 4.3 million people using
these trails annually, Hancock is a natural stopping point
for many of these outdoor enthusiasts.
Property Facts
Price | $590,130 CAD | Building Class | C |
Price Per Unit | $98,355 CAD | Lot Size | 0.45 AC |
Sale Type | Investment | Building Size | 3,000 SF |
No. Units | 6 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1975 |
Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 3.33/1,000 SF |
Price | $590,130 CAD |
Price Per Unit | $98,355 CAD |
Sale Type | Investment |
No. Units | 6 |
Property Type | Multifamily |
Property Subtype | Manufactured Housing/Mobile Home |
Building Class | C |
Lot Size | 0.45 AC |
Building Size | 3,000 SF |
No. Stories | 1 |
Year Built | 1975 |
Parking Ratio | 3.33/1,000 SF |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 6 | - | 500 |
1 of 1
PROPERTY TAXES
Parcel Number | 05-009332 | Improvements Assessment | $0 CAD |
Land Assessment | $167,369 CAD | Total Assessment | $167,369 CAD |
PROPERTY TAXES
Parcel Number
05-009332
Land Assessment
$167,369 CAD
Improvements Assessment
$0 CAD
Total Assessment
$167,369 CAD
zoning
Zoning Code | TR (Town Residential) |
TR (Town Residential) |
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Myers MHC | 222 Myers St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.