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109 S Broadway St, Frostburg, MD 21532

$500,000
: 24
BD
: 8
BA
: 8,815
SqFt

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List Price: $500,000
Days on Market: 61
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

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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.

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Additional Information

Area: Frostburg - Allegany County (MDAL8)
Subdivision: Bealls Addition
School District: Allegany County Public Schools
Heating: Radiator(s)
Cooling: Window/Wall
Water: Public
Sewer: Public Sewer