Student Housing Portfolio in Frostburg, MD - $5.25M Asking Price

This listing presents a substantial Student Housing Portfolio located in Frostburg, Maryland. The portfolio comprises 41 properties, including an 8-unit apartment building, 12 townhomes, and 21 single-family homes, offering a total of 59 units and accommodating approximately 200 beds. The business operates as a well-established, turn-key rental operation with a high occupancy rate and strong seasonal tenant retention. Key operational strengths include an in-house maintenance team and an established online rental platform. The portfolio features a mix of historic and updated multi-unit properties. The asking price for this comprehensive student housing business is $5,250,000, with a reported gross revenue of $456,000 for 2024. Projections indicate significant growth, with Zillow valuations estimated to exceed $5.4 million by 2025. Financing details are not provided, and seller financing is not offered. The property is listed by Matthew Gorman of Renaud Consulting.