193 Glenn St Immeuble residentiel 22 lots 1 463 802 € (66 536 €/Lot) Taux de capitalisation 8,35 % Frostburg, MD 21532

FIVE TAX ACCOUNTS! 22 Market Rate family rentals at the edge of a beautiful University Town. Usually near full occupancy and about 200/month below market rents allow an easy improvement in the bottom line for the new owners. Many recent updates and improvements inside and out and rent increases with little pushback from old and new tenants.
This property was purchased by a Development Company 2022 from an estate with lots of deferred maintenance and rent way below market... rents have been moved closer to market (refreshed small townhomes easily fetch $1,000+ all utilities now) - so potential remains to continue increasing the investment returns here.
201 Glenn Street, Frostburg, Maryland 21532 (Account #0112 008376); (vi) 193 Glenn Street, Frostburg, Maryland 21532 (Account #0112 003560); (vii) 187 Glenn Street, Frostburg, Maryland 21532 (Account #0112 014783); (viii) [___] Spring Street, Frostburg, Maryland 21532 (Account #0112 014880); and (ix) [___] SE Spring Street, Frostburg, Maryland 21532 (Account #0112 001959) (collectively, the “Glenn Street Parcels”),
Frostburg, MD is a small town located in the Appalachian Mountains. It has a population of about 8,500 people and is known for its picturesque views and small-town charm. Residents enjoy exploring the nearby mountains and streams, as well as taking part in local events such as art festivals, farmers markets, and live music concerts. The community is made up of individuals from all walks of life who share a common respect for each other. Living in Frostburg is great for those looking to get away from the hustle and bustle of city life but still have access to all the necessary amenities. Whether you're looking to take in some outdoor activities or simply enjoy the peace and quiet, Frostburg is sure to provide an enjoyable experience. Small metro area set in the mountains and valleys of the Mideast region. Primary industries include manufacturing and government. - Situated in western Maryland, along the Potomac River, 40 miles west of Hagerstown and 25 miles east of Morgantown, West Virginia..