109 S Broadway St, Frostburg, MD 21532
- $500,000
- 24
- BD
- 8
- BA
- 8,815
- SqFt
- List Price
- $500,000
- Days on Market
- 0
- Status
- ACTIVE
- MLS#
- MDAL2015506
- Bedrooms
- 24
- Bathrooms
- 8
- Full Baths
- 8
- Living Area
- 8,815
- Lot Size (Acres)
- 0.21
- Style
- Carriage House
- Year Built
- 1979
- County
- Allegany
- School District
- Allegany County Public Schools
Property Description
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.
Additional Information
- Area
- Frostburg - Allegany County (MDAL8)
- Subdivision
- Bealls Addition
- Taxes
- $1831
- School District
- Allegany County Public Schools
- Heating
- Radiator
- Heating Fuel
- Oil
- Cooling
- Window Unit(s)
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Terrapin Realtors, Inc. Contact: (301) 355-5000