191 Park Ave | Frostburg, MD 21532
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- LoopNet Team
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 | Improvements Assessment | $3,460,000 | |
| Land Assessment | $431,100 | Total Assessment | $4,229,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$431,100
Improvements Assessment
$3,460,000
Total Assessment
$4,229,500
zoning
| Zoning Code | R3 |
| R3 |
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