8 Hill Street Frostburg, MD 21532

$245,000
12
Beds
6
Baths
0.14
Acres
3,780
SQFT
65
$/SQFT
$245,000
12
Beds
6
Baths
3,780   sf
$65 / sf
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6-unit multifamily investment property offering immediate cash flow and strong upside potential. All units are 2 bedrooms and 1 bathroom. Five of six units are currently occupied. All leases are month to month, providing a new owner with full flexibility to reposition rents or renovate at turnover. Current rents are below market rate with potential to achieve a double-digit cap rate through modest rent increases in line with current market conditions. Located in Frostburg, home to Frostburg State University, supporting consistent rental demand. Ideal for investors seeking a value-add multifamily asset with stabilized occupancy and room to grow. Do not disturb tenants. All showings by appointment only.

6-unit multifamily investment property offering immediate cash flow and strong upside potential. All units are 2 bedrooms and 1 bathroom. Five of six units are currently occupied. All leases are month to month, providing a new owner with full flexibility to reposition rents or renovate at turnover. Current rents are below market rate with potential to achieve a double-digit cap rate through modest rent increases in line with current market conditions. Located in Frostburg, home to Frostburg State University, supporting consistent rental demand. Ideal for investors seeking a value-add multifamily asset with stabilized occupancy and room to grow. Do not disturb tenants. All showings by appointment only.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Allegany
  • Area
    Frostburg - Allegany County
  • Tax Amount
    $3,196
  • Status
    Active
  • Listing #
    MDAL2014254
  • Built
    1935
  • Lot Size
    0.14
  • Listed on site
    88 days
  • Listing Agent Id
    121137242609

Listed by:
Cummings & Co. Realtors

Source:
BRIGHT MLS

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Basement

Interior Features

  • Heat Electric
  • Main Floor Bedroom

Property History

DateDays AgoEventNew Price
May 27, 202628 days agoPrice decreased10,000 (4%)$245,000
Apr 28, 20262 mos agoPrice decreased10,000 (4%)$255,000
Apr 7, 20263 mos agoPrice decreased10,000 (4%)$265,000
Mar 27, 20263 mos agoNew on market$275,000
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