Burhans Village

Burhans Village is conveniently located in Hagerstown, colloquially known as “Hub City”. The largest city in Washington County, Hagerstown is a regional hub for all of Western Maryland. The city is known for its balance of urban convenience and small-town character, offering residents access to recreational amenities, cultural institutions, and educational opportunities while maintaining a lower cost of living than nearby major metros. Hagerstown provides strong educational resources, including Hagerstown Community College, which serves thousands of students annually and is a major local employer. Also located in the city is the University System of Maryland at Hagerstown, a regional higher-education center. The institution offers undergraduate and graduate programs from various state colleges and universities, including Towson University, University of Baltimore, and Salisbury University. The area supports a diverse and expanding workforce, driven by its strategic location along major interstate corridors. Hagerstown has become a key destination for logistics, manufacturing, healthcare, and distribution users, with several large employers operating regional facilities in and around the city. Major employers in the sect include Volvo Motors (1,800+ employees), Fiserv Inc. (2,300 Employees), and Meritus Medical Center (3,000+ Employees). Downtown Hagerstown features a revitalizing core with local restaurants, shops, entertainment venues, and cultural attractions such as theaters, museums, and public art. The city also offers abundant outdoor recreation, with nearby parks, trails, and access to the Appalachian Mountains and Potomac River. In total, Hagerstown has 19 city parks. Hagerstown’s central location provides excellent regional connectivity. The city sits at the crossroads of Interstates 70 and 81, offering direct access to Frederick, Baltimore, Washington, D.C., Harrisburg, and Winchester.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.