Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1935
Sq.Footage
74,309
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Other
-
Heating YN
YES
-
Heating
Radiant
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Other
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
4.79
-
Lot Size(square feet)
208802.0
-
Property Type
Commercial Sale
Price
-
Sales Price
$2,500,000
-
Tax Amount
$72,399
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
BEALL
-
Middle School
MOUNT SAVAGE
-
High School
MOUNTAIN RIDGE
Property Features
-
New Construction
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
ALLEGANY
Elementary School
BEALL
Middle School
MOUNT SAVAGE
High School
MOUNTAIN RIDGE
Listing Courtesy of Jeffrey E Stein , Tranzon Key
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AGENT
Jeremy Sanchez
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