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Mary Palma

Mary Palma/Palma Group Properties

mary@marypalma.com +1(571) 259-3009

Listed by Joanna Lee Fischer • EXP Realty, LLC

$ 325,000

Est. payment -/mo

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Active

101 WRIGHT ST Frostburg, MD 21532

3,432 SqFt

UPDATED:

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

Mary Palma

Broker | License ID: 0225079781

+1(571) 259-3009

Mary Palma

101 WRIGHT ST Frostburg, MD 21532

Key Details

Location

Interior

Exterior

Building

Schools

Others

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101 WRIGHT ST