109 South Broadway Street Frostburg, MD 21532

$500,000
24
Beds
8
Baths
0.21
Acres
8,815
SQFT
57
$/SQFT
$500,000
24
Beds
8
Baths
8,815   sf
$57 / sf
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8 Unit investment Apartment Building in the heart of Frostburg University. The building consists of 8 units of 3 Bedrooms and 1 Bathrooms split over 2 floors. 5 Units are currently rented and 3 are vacant. The total rent collected currently varies but $40,000 was collected last school year. The owner has 51 other units in Frostburg walking distance to the University. All properties have been maintained by an in house property manager. A portfolio sale of all 59 units can also be an option. 12 units are currently vacant. Gross income in 2025 $448,000. Seller financing is available for a portfolio buyer.

8 Unit investment Apartment Building in the heart of Frostburg University. The building consists of 8 units of 3 Bedrooms and 1 Bathrooms split over 2 floors. 5 Units are currently rented and 3 are vacant. The total rent collected currently varies but $40,000 was collected last school year. The owner has 51 other units in Frostburg walking distance to the University. All properties have been maintained by an in house property manager. A portfolio sale of all 59 units can also be an option. 12 units are currently vacant. Gross income in 2025 $448,000. Seller financing is available for a portfolio buyer.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Allegany
  • Area
    Frostburg - Allegany County
  • Tax Amount
    $1,831
  • Status
    Active
  • Listing #
    MDAL2015506
  • Built
    1979
  • Lot Size
    0.21
  • Listed on site
    82 days
  • Listing Agent Id
    121135654936
  • Co Listing Agent Id
    121136585258

Listed by:
Terrapin Realtors, Inc

Source:
BRIGHT MLS

School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • No Pool
  • Parking Off-Street

Interior Features

  • Main Floor Bedroom
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