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Listed by Ben Garner • Cummings & Co. Realtors
$ 255,000
Est. payment | /mo
6,144 Sqft Lot
$ 255,000
Est. payment | /mo
6,144 Sqft Lot
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
Nearby Locations
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Joe Harrison
REALTOR® | Lic# 658148