$325,000 101 WRIGHT STREET , FROSTBURG
- MLS#:MDAL2011228
- Property Type: Multi-Family
- Address: 101 WRIGHT STREET
- City / Zip:FROSTBURG, MD 21532
- Area:FROSTBURG
- County:ALLEGANY
- Bedrooms:0
- Bathrooms:0
- Acres:0.41
- Year Built:1976
- Zoning:R
- Date Listed:04/08/2025
Agent's Comments
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.
- Listing provided courtesy of the MLS.
