70 E College Ave,FROSTBURG, MD 21532
FROSTBURG, MD 21532
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.
Details
| MLS # | MDAL2014998 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1935 |
| Days On Site | 88 |
| Listing Provided By | Tranzon Key | Jeffrey E Stein |
Features
| Units | 1 |
|---|---|
| Zoning | C1 |
| Acreage | 4.79 |
Interior
| Cooling | Other |
|---|---|
| Heating Yes / No | Yes |
| Heating | Radiator |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 72399 |
|---|
Area Information
| State | MD |
|---|---|
| County | ALLEGANY MD |
| City | FROSTBURG |
| Zip Code | 21532 |
| Area | Frostburg Allegany County (MDAL8) |
| School District | ALLEGANY COUNTY PUBLIC SCHOOLS |
| Elementary School | BEALL |
| High School | MOUNTAIN RIDGE |
| Listing VS Median (in 21532) | |
Price: $2,500,000 low | high Med: $159,500 On site: 88 low | high Med: 26.5 | |
Market Activity 21532
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Learn More About This Property
| State | MD |
|---|---|
| County | ALLEGANY MD |
| City | FROSTBURG |
| Zip Code | 21532 |
| Area | Frostburg Allegany County (MDAL8) |
| School District | ALLEGANY COUNTY PUBLIC SCHOOLS |
| Elementary School | BEALL |
| High School | MOUNTAIN RIDGE |
| Listing VS Median (in 21532) | |
Price: $2,500,000 low | high Med: $159,500 On site: 88 low | high Med: 26.5 | |
