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.
Listed By
Agency Name: Cummings & Co. Realtors
Agency Phone: 4108230033
Shown By
Agency Title: Maverick Realty, LLC
Agency Phone: (302) 365-8297
Estimated Payment
$ 958.57 per month $612.03 Principal & Interest $266.33 Property Tax $80.21 Homeowner's Insurance
8 Hill Street | MLS# MDAL2014254
This single family home located at 8 Hill Street , Frostburg, MD 21532 is currently listed for sale with an asking price of $275,000. This property was built in 1935 and has 12 bedrooms and 6 full baths with 3780 sq. ft. Hill Street is located within the ALLEGANY COUNTY PUBLIC SCHOOLS school district. Search Frostburg real estate on www.maverickrealtyusa.com today.