70 E College Ave, Frostburg, MD 21532

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List Price
$3,250,000
Price Change
▲ $750,000 1790362878
MLS#
MDAL2014998
Status
ACTIVE
Type
Commercial
Year Built
1935
County
Allegany
Region
Frostburg - Allegany County (MDAL8)

Property Description

Huge student housing portfolio. This premier 43-property (59-unit) student housing portfolio in Frostburg, MD, offers an exceptional, turn-key investment opportunity directly serving Frostburg State University. This stabilized portfolio delivers immediate cash flow, strong historical valuation growth, and a built-in tenant pipeline right next to Frostburg State University (FSU). Immediate Income: Generated a proven $448,850 in gross income for the 2025 calendar year. Rapid Equity Growth: Appraised at $4,564,800 in 2022, with current algorithmic valuations tracking at $5,863,600, showcasing substantial market appreciation. Prime Location: Strategic cluster of 43 properties, all situated within convenient walking distance to the FSU campus, ensuring perpetual student demand. Risk Mitigation: Pre-leased revenue secured with numerous student leases already signed and executed for the upcoming 2026/2027 academic year. Scalable Operations: Rare opportunity to acquire immediate, dominant market share in a stable university submarket.

Additional Information

Acres
4.79
Lot Size
208,802
Elementary School
Beall
Middle School
Mount Savage
High School
Mountain Ridge
Cooling
Other
Heating
Radiator(s)
Taxes
$72,399

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Listing courtesy of Tranzon Key. Contact: