Property profile

97 Broadway Frostburg, MD 21532

OFF-MARKET
Commercial real estate
Property ID
US40-0014293
1,792 SF 0.14 ac lot Built 1920
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Property summary

AI-generated overview

This exceptional investment opportunity presents a charming two-unit multifamily property located at 97 S Broadway in Frostburg, Maryland, 21532. Built in 1920, this property boasts a total of 1,792 square feet situated on a 0.14-acre lot. The asking price is $155,000, translating to a price per square foot of $86.50. The property features four bedrooms and three full bathrooms, spread across two units. Each unit benefits from separate electric meters, ensuring efficient utility management. Adding to its appeal is a spacious front porch and five parking spaces. The property is currently rented, providing immediate cash flow. Water is a shared expense, with the owner currently paying approximately $300 per quarter. All appliances are included in the sale. Its prime location offers close proximity to Frostburg State University and the vibrant downtown Frostburg area, ensuring high occupancy rates and strong rental demand. The property is zoned RO. The Allegany County Assessor's Parcel Number (APN) is 0126005205. A 24-hour notice is required for all showings. This is a turnkey investment ready for a new owner.

Property profile

Verified
Property type Commercial real estate
Year built 1920
Total area 1,792 SF
Lot 0.14 ac (6,098 SF)
UPID US40-0014293

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

97 Broadway Frostburg, MD 21532
Frostburg metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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