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- LoopNet Team
8 Bob Cat Ct
Frostburg, MD 21532
Multifamily Property For Sale
·
52 Units
INVESTMENT HIGHLIGHTS
- 52 Units total 7 buildings 30 apts (3 buildings) and 2 finished lots right on Frostburg State University property line, 22 townhomes (4 bldgs) in town
- 2 sites 2 miles apart
- Value add with minor cosmetics landscaping, rented below market
PROPERTY FACTS
| No. Units | 52 | Building Size | 45,000 SF |
| Property Type | Multifamily | Average Occupancy | 81% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2009 |
| Building Class | C | Parking Ratio | 1.67/1,000 SF |
| Lot Size | 5.11 AC | ||
| Zoning | HD Res - Apartment PUD | ||
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.11 AC |
| Building Size | 45,000 SF |
| Average Occupancy | 81% |
| No. Stories | 3 |
| Year Built | 2009 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | HD Res - Apartment PUD |
ABOUT 8 BOB CAT CT , FROSTBURG, MD 21532
52 units Built 1997 to 2011 PAC KAGE PRIC ED FOR QUIC K SALE PROJEC TED GROSS RENTS $385,000+ NOI est $199,000+ Listed to settle estate! 2 locations 30 Family Townhome Units Glen Street now 100% occupied, PLUS 22 Student rental units Bobcat C ourt with higher vacancy. Includes finished lots @ Bobcat C t. for up to 30 more units, vacant ground at Glen St. would require additional approvals and site utility work. Seller will C onsider offer on BOBC AT C OURT 3 buildings plus additional land @ $1.7m./offers GLEN ST. cannot be sold first.9 total Tax records (attached) #1 Tax ID 0112001959 - #2 Tax ID 0112014880 - #3 Tax ID 0112014783 - #4 Tax ID 0126001722 - #5 Tax ID 0112003560 - #6 Tax ID 0112008376 - #7 Tax ID 0126001218 - #8 Tax ID 0126001226 - #9 Tax ID 0126001862
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 52 | $675.00 | 700 - 1,100 |
PROPERTY TAXES
| Parcel Number | 26-001218 | Improvements Assessment | $280,100 |
| Land Assessment | $78,700 | Total Assessment | $358,800 |
PROPERTY TAXES
