For Sale
$155,000

97 BroadwayFrostburg, MD 21532

Two-unit multifamily, high rental income potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Charming two-unit multifamily property in Frostburg, MD.
  • 1,792 sq ft on a 0.14-acre lot, asking $155,000 ($86.50/sq ft).
  • Four bedrooms, three full baths, separate electric meters.
  • Spacious front porch, five parking spaces, currently rented.
  • Shared water expense (approx. $300/quarter), all appliances included.
  • Prime location near Frostburg State University & downtown, RO zoning.

Property Details for 97 Broadway

Property type
Square Feet
1,792 SF
Year Built
1920
Lot Size (sq. ft)
6,098 SF
Units
2

Location Insight

City
Frostburg
County
Allegany
State
Maryland
Latitude
39.6543542
Longitude
-78.9328514
97 Broadway, Frostburg, Maryland

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97 Broadway
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