2 photos
$500,000
109 S Broadway
Frostburg, MD 21532
Fernando Palacios, Terrapin Realtors, Inc · (301) 996-5190
What the listing says
8 Unit investment Apartment Building in the heart of Frostburg University. The building consists of 8 units of 3 Bedrooms and 1 Bathrooms split over 2 floors. 5 Units are currently rented and 3 are vacant. The total rent collected currently varies but $40,000 was collected last school year. The owner has 51 other units in Frostburg walking distance to the University. All properties have been maintained by an in house property manager. A portfolio sale of all 59 units can also be an option. 12 units are currently vacant. Gross income in 2025 $448,000. Seller financing is available for a portfolio buyer.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Single Family
Lot Size
9,148 sq ft
HOA
None
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Questions about owner financing in Frostburg
What is owner financing for 109 S Broadway?
Owner financing means the seller of 109 S Broadway acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Frostburg, MD home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Frostburg home?
There is no standard down payment. The seller of this Frostburg home sets their own, and it is negotiable. Ask the seller or their agent.