8 Hill St
$275,000
8 Hill St, Frostburg, MD 21532
3,780 sqft
Building Size
1935
Year Built
Details:
Highlights:
- Days on Market: 4
- Heating: Baseboard - Electric
Description:
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.
Location
Gallery
