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    OFF-MARKET
    Commercial real estate

    97 Broadway, Frostburg, MD 21532

    1,792 SF 0.14 ac lot Built 1920
    Property ID
    US40-0014293
    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)
    APN 0126005205
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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