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191 Park Ave
Frostburg, MD 21532
 Seven Building Student Housing Investment · Multifamily Property For Sale · 86 Units

Apartment Buildings Maryland Frostburg 191 Park Ave, Frostburg, MD 21532

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 Condition Auction Sale Lot Size 2.39 AC
Type of Ownership Fee Simple Building Size 61,031 SF
No. Units 86 Average Occupancy 90%
Property Type Multifamily No. Stories 3
Property Subtype Apartment Year Built 2008
Apartment Style Garden Parking Ratio 3.05/1,000 SF
Building Class B Parcel Numbers
28-001037
  • 28-002750
  • 28-005660
Zoning R3
Sale Condition Auction Sale
Type of Ownership Fee Simple
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
Zoning R3
Parcel Numbers
28-001037
  • 28-002750
  • 28-005660

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Carpet
  • Wheelchair Accessible (Rooms)

SITE AMENITIES

  • 24 Hour Access
  • Pet Play Area
  • Wi-Fi
  • Community-Wide WiFi
  • Maintenance on site
  • Online Services
 

  • Listing ID: 28325421

  • Date on Market: 4/26/2023

  • Last Updated:

  • Address: 191 Park Ave, Frostburg, MD 21532

The Multifamily Property at 191 Park Ave, Frostburg, MD 21532 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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