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… Read More 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. Read Less
Courtesy of Benjamin J Garner, Cummings & Co. Realtors 410-823-0033
Listing Snapshot
Days Online
24
Last Updated
Property Type
Single Family Residential
Beds
12
Full Baths
6
Square Ft.
3,780
Lot Size
0.14 Acres
Year Built
1935
MLS Number
MDAL2014254
Additional Details
Basement
Unfinished
Building
Built in 1935, Living area: 3780, Levels: 3, Construction Materials: Block
Cooling
None
Accessibility Features
None
Foundation
Block
Heating
Baseboard - Electric
Lot
0.14 acres
Property
Other structures: Above Grade
Sewer
Public Sewer
Taxes
Annual Amount: $3,196, Year: 2025, Zoning: R3
Utilities
Water Source: Public
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