BEDS0
BATHS
MLS#MDAL2014248
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLALLEGANY COUNTY PUBLIC SCHOOLS
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.
Property Features
Property Type: Commercial -
Cooling: None
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.14 Acres
Taxes: $3,196
Year Built: 1935
Feature Descriptions
Exterior: Block
Lot Dimensions: 0.14 Acre(S)
Municipality: Frostburg
Sewer: Public Sewer
Total Garage/Parking Spaces: 6
Units: 6
Water: Public
Local Schools
School District: ALLEGANY COUNTY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Cummings & Co. Realtors
Agency Phone: 4108230033
Shown By
Agent Name: Cole VanCourt
Agent Phone: Cell: (443) 908-0639
Agency Title: Berkshire Hathaway HomeServices Homesale Realty
First American
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603
8 Hill Street | MLS# MDAL2014248
This commercial property located at 8 Hill Street, Frostburg, MD 21532 is currently listed for sale with an asking price of $255,000. Hill Street is located within the ALLEGANY COUNTY PUBLIC SCHOOLS school district. Search Frostburg real estate on colevancourt.homesale.com today.