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About This Home
This 0-bedroom, 0-bathroom other at 70 E COLLEGE Avenue in Frostburg, MD is listed for $2,500,000. Built in 1935, on a 4.79 acres lot.
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.
Key Features
- Built in 1935
- 4.79 acre lot
Property Details
Monthly Cost Estimate
$13,371/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
70 E COLLEGE Avenue
Frostburg, MD 21532
Property Details
Construction
Heating
Questions & Answers
This 0-bedroom, 0-bathroom other at 70 E COLLEGE Avenue is listed at $2,500,000. The estimated monthly payment is $10,833 based on 20% down at 6.5% interest.
Key features include: Built in 1935, 4.79 acre lot.
This property is listed by Jeffrey E Stein and can be reached at 8886212110 or jstein@tranzon.com.