MLS#MDAL2014998
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLALLEGANY COUNTY PUBLIC SCHOOLS
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.
Property Features
Property Type: Commercial -
Heating: Radiator
Lot Size: 4.79 Acres
Taxes: $72,399
Year Built: 1935
Feature Descriptions
Exterior: Brick
Lot Dimensions: 4.79 Acre(S)
Municipality: Frostburg
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Units: 1
Water: Public
Local Schools
High School: MOUNTAIN RIDGE
Middle School: MOUNT SAVAGE
Elementary School: BEALL
School District: ALLEGANY COUNTY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Tranzon Key
Agency Phone: 7035398111
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
70 E College Avenue | MLS# MDAL2014998
This commercial property located at 70 E College Avenue, Frostburg, MD 21532 is currently listed for sale with an asking price of $2,500,000. E College Avenue is located within the ALLEGANY COUNTY PUBLIC SCHOOLS school district. Search Frostburg real estate on www.realtymark.net today.