70 E College Ave, Frostburg, MD 21532
- $2,500,000
- List Price
- $2,500,000
- Days on Market
- 49
- Status
- ACTIVE
- MLS#
- MDAL2014998
- Lot Size (Acres)
- 4.79
- Year Built
- 1935
- County
- Allegany
- School District
- Allegany County Public Schools
Property Description
Auction of huge student housing portfolio. Online bidding ends June 25th at noon. This premier 43-property (59-unit) student housing portfolio in Frostburg, MD, offers an exceptional, turn-key investment opportunity directly serving Frostburg State University. This stabilized portfolio delivers immediate cash flow, strong historical valuation growth, and a built-in tenant pipeline right next to Frostburg State University (FSU). List price is opening bid. Actual price to be detrermined at auction. Immediate Income: Generated a proven $448,850 in gross income for the 2025 calendar year. Rapid Equity Growth: Appraised at $4,564,800 in 2022, with current algorithmic valuations tracking at $5,863,600, showcasing substantial market appreciation. Prime Location: Strategic cluster of 43 properties, all situated within convenient walking distance to the FSU campus, ensuring perpetual student demand. Risk Mitigation: Pre-leased revenue secured with numerous student leases already signed and executed for the upcoming 2026/2027 academic year. Scalable Operations: Rare opportunity to acquire immediate, dominant market share in a stable university submarket.
Additional Information
- Area
- Frostburg - Allegany County (MDAL8)
- Taxes
- $72399
- School District
- Allegany County Public Schools
- Elementary School
- Beall
- Middle School
- Mount Savage
- High School
- Mountain Ridge
- Heating
- Radiator
- Heating Fuel
- Other
- Cooling
- Other
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Tranzon Key. Contact: