101 WRIGHT ST Active Save Request In-Person Tour Request Virtual Tour
Frostburg,MD 21532
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,432 sqft
Price per Sqft $94
MLS Listing ID MDAL2011228
Style Other
Abv Grd Liv Area 3,432
Originating Board BRIGHT
Year Built 1976
Available Date 2025-04-08
Tax Year 2024
Lot Size 0.413 Acres
Acres 0.41
Property Sub-Type Quadruplex
Property Description
Calling all investors - This is the money maker you've been waiting for! Gross potential rents for the property total $3,700 per month with an incredible 13.7% CAP rate! Owner pays water and gas, tenants cover electric. This property pays for itself. Live for free in one of the units while renting the rest. Let the rent pay the mortgage AND the utilities! If you're looking to rent all four units, look forward to a hefty rent check at the end of each month. This property has three apartments which are 2bed 1bath and one apartment which is 1bed 1bath. One long term renter is paying $850/month, and two new leases begin set to start at $950/month. The fourth unit has been left vacant for a potential owner occupant, but if you wish to rent it out, there is no shortage of applicants! Units have been refreshed since last tenant turnover - new paint, some new flooring, reglazed showers and tubs, etc.
Location
State MD
County Allegany
Area Frostburg - Allegany County (Mdal8)
Zoning R
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling None
Equipment Dishwasher,Dryer,Refrigerator,Stove,Washer
Fireplace N
Appliance Dishwasher,Dryer,Refrigerator,Stove,Washer
Heat Source Electric
Exterior
Exterior Feature Deck(s),Patio(s)
Water Access N
Accessibility None
Porch Deck(s),Patio(s)
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade,Below Grade
New Construction N
Schools
Elementary Schools Beall
Middle Schools Mount Savage
High Schools Mountain Ridge
School District Allegany County Public Schools
Others
Tax ID 0112008295
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard