191 Park Ave | Frostburg, MD 21532
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191 Park Ave
Frostburg, MD 21532
Seven Building Student Housing Investment · Multifamily Property For Sale · 86 Units
Investment Highlights
- Seven building student housing investment opportunity located within the growing Frostburg State University community.
- Current ownership began offering some partially-furnished units, generating rental premiums of $45 per unit monthly for 1br and $70 per unit for 2br.
- University Park has a premier location adjacent to Frostburg State University and F Bar, the main student nightlife attraction.
- University Park delivers a balanced mix of well-maintained one- and two-bedroom units perfect for single or roommate living.
- Due to the non-existent supply of amenity heavy product serving the university, amenity upgrades will make University Park the top housing option.
PROPERTY FACTS
Sale Conditions | Auction Sale | Lot Size | 2.39 AC |
No. Units | 86 | Building Size | 61,031 SF |
Property Type | Multifamily | Average Occupancy | 90% |
Property Subtype | Apartment | No. Stories | 3 |
Apartment Style | Garden | Year Built | 2008 |
Building Class | B | Parking Ratio | 3.05/1,000 SF |
Sale Conditions | Auction Sale |
No. Units | 86 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | B |
Lot Size | 2.39 AC |
Building Size | 61,031 SF |
Average Occupancy | 90% |
No. Stories | 3 |
Year Built | 2008 |
Parking Ratio | 3.05/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Pet Play Area
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | $4,968,906 |
Land Assessment | $619,103 | Total Assessment | $6,073,985 |
PROPERTY TAXES
Parcel Numbers
Multiple
- 28-005660
- 28-002750
- 28-001037
Land Assessment
$619,103
Improvements Assessment
$4,968,906
Total Assessment
$6,073,985
zoning
Zoning Code | R3 |
R3 |
Listing ID: 28325421
Date on Market: 2023-04-26
Last Updated:
Address: 191 Park Ave, Frostburg, MD 21532
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