70 E College Avenue, Frostburg, MD 21532

USD 2,500,000

For Sale MLS: MDAL2014998

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Property Details

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 DETAILS: Square Feet: 74309

INTERIOR FEATURES: • Cooling: Other • Heating: Radiant

EXTERIOR FEATURES: • Parking: Other. • Exterior: Brick • Zoning: C1

LISTING AGENT: Agent: Jeffrey Stein | Office: Tranzon Key | Phone: 7035398111 | Email: [email protected]

LISTING INFORMATION: MLS#: MDAL2014998 | Status: FOR SALE

Location

Address

70 E College Avenue

City

Frostburg

Features and Finishes

Interior Features:

• Cooling: Other

• Heating: Radiant

Exterior Features:

• Parking: Other.

• Exterior: Brick

• Zoning: C1

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