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Listed by Ben Garner • Cummings & Co. Realtors
$265,000
Est. payment /mo
6,144 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDAL2014248
Year Built 1935
Annual Tax Amount $3,196
Tax Year 2025
Lot Size 6,144 Sqft
Acres 0.14
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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.
Location
State MD
County Allegany
Area Frostburg - Allegany County (Mdal8)
Zoning R3
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Garage Spaces 6.0
Water Access N
Accessibility None
Total Parking Spaces 6
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Allegany County Public Schools
Others
Tax ID 0112006519
Ownership Fee Simple
Special Listing Condition Standard
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NEARBY SCHOOL & BUSINESS