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About This Home
This 12-bedroom, 6-bathroom single family at 8 HILL Street in Frostburg, MD is listed for $245,000 ($65 per sqft). Built in 1935, the home offers 3,780 sqft of living space on a 0.14 acres lot.
6-unit multifamily investment property offering immediate cash flow and strong upside potential. All units are 2 bedrooms and 1 bathroom. Five of six units are currently occupied. All leases are month to month, providing a new owner with full flexibility to reposition rents or renovate at turnover.
Current rents are below market rate with potential to achieve a double-digit cap rate through modest rent increases in line with current market conditions. Located in Frostburg, home to Frostburg State University, supporting consistent rental demand. Ideal for investors seeking a value-add multifamily asset with stabilized occupancy and room to grow. Do not disturb tenants. All showings by appointment only.
Key Features
- Built in 1935
- 0.14 acre lot
- 3 stories
Property Details
Monthly Cost Estimate
$1,310/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
8 HILL Street
Frostburg, MD 21532
NONE AVAILABLE
Property Details
Construction
Parking
Heating
Questions & Answers
This 12-bedroom, 6-bathroom single family at 8 HILL Street is listed at $245,000 ($65/sqft). The estimated monthly payment is $1,062 based on 20% down at 6.5% interest.
Key features include: Built in 1935, 0.14 acre lot, 3 stories.
This property is listed by Benjamin J Garner and can be reached at 2402167841 or ben@garnerandco.com.