Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 1 W Moser Road Thurmont, Maryland 21788, a 27-unit apartment, in Fredrick County. This 20,871-square-foot, two-story building features an attractive unit mix of 18 one-bedroom, 9 two-bedroom units. Each unit is separately metered for electricity, minimizing ownership expenses. This renovated building is 100 percent occupied and it has a master lease with the USDA Rural Development program. This sale includes the opportunity to assume the current mortgage which has a 1 percent interest rate, with an amortization rate of 50 years. The property also transfers with a $146,432 Reserve balance, which is an account that can be utilized by a new owner for repairs, replacements or capital improvement. 1 Moser Road presents an opportunity to purchase a stabilized asset with immediate cash flow. The annual NOI is $116,231 and this asset performs with an annual return after debt service of 15.39 percent. Each of the 27 units has been updated, and the building has had recent upgrades to each unit, the roof, the electrical system, the plumbing and the HVAC units. Thurmont, MD is renowned for its picturesque landscapes at the eastern foothill of the Catoctin mountains. This property is located approximately 15 miles from downtown Frederick, MD and 18 miles from the Pennsylvania state line. Downtown, Fredrick, MD boasts over 200 retail stores and restaurants, museums and numerous historic sites. Fredrick, MD has a diverse and growing economy with sectors such as advanced manufacturing contributing to local development. Fort Detrick, a US Army medical command installation, Frederick County public schools and Fredrick Health Hospital are the largest employers in this submarket.