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Listed by Jeffrey Stein • Tranzon Key
$ 2,500,000
Est. payment | /mo
4.79 Acres Lot
$ 2,500,000
Est. payment | /mo
4.79 Acres Lot
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MDAL2014998
Year Built 1935
Annual Tax Amount $72,399
Tax Year 2025
Lot Size 4.793 Acres
Acres 4.79
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Auction of huge student housing portfolio. Online bidding ends June 25th at noon. 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).
List price is opening bid. Actual price to be detrermined at auction.
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.
List price is opening bid. Actual price to be detrermined at auction.
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.
Location
State MD
County Allegany
Area Frostburg - Allegany County (Mdal8)
Zoning C1
Interior
Hot Water Other
Heating Radiator
Cooling Other
Heat Source Other
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Beall
Middle Schools Mount Savage
High Schools Mountain Ridge
School District Allegany County Public Schools
Others
Tax ID 0128006012
Ownership Fee Simple
Special Listing Condition Auction
Nearby Locations