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700 Fayette Street

CUMBERLAND, MD 21502
  • $480,000
  • STATUS: Active
  • ON SITE: 136 Days
  • ID#: MDAL2009494
UPDATED: 99 min ago
$480,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1965
County:

School Ratings & Info

Description

A well-established investment property in Mountain Maryland, specifically on the Westside of Cumberland. The property is all brick, durability and low maintenance. being situated on the Westside of Cumberland with a desirable location, convenient access to local amenities. The property offers a substantial 5,280 square feet of living space spread across 6 units. There are 3 units with 2 bedrooms each, there are also 3 units with 1 bedroom each, Additionally, there's an Airbnb unit, which suggests flexibility in rental strategies and potentially higher rental income due to short-term stays. The established leasing indicates a history of generating rental income, which can provide financial stability and potential for growth. The fact that the property backs to woods can be a selling point, offering privacy, tranquility, and potentially attractive views for tenants. Overall, this property offers a solid investment opportunity due to its size, configuration, location, and income-generating potential through both traditional leasing and short-term rentals like Airbnb.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor-Made Deep Creek Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-02T23:51:30.59.
www.deepcreeksales.com/homes/152798448
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700 Fayette Street CUMBERLAND, MD 21502

  • Price: $480,000
  • Status: Active
  • On Site: 136 Days
  • Updated: 99 min ago
  • ID#: MDAL2009494
0
Beds
0
Baths
0
½ Baths
0.3
Acres
1965
Built
Neighborhood:
W Cumberland - Allegany County (Mdal3)
County:
Allegany
Area:
W Cumberland - Allegany County (Mdal3)
School District:
Allegany County Public Schools
Property Description
A well-established investment property in Mountain Maryland, specifically on the Westside of Cumberland. The property is all brick, durability and low maintenance. being situated on the Westside of Cumberland with a desirable location, convenient access to local amenities. The property offers a substantial 5,280 square feet of living space spread across 6 units. There are 3 units with 2 bedrooms each, there are also 3 units with 1 bedroom each, Additionally, there's an Airbnb unit, which suggests flexibility in rental strategies and potentially higher rental income due to short-term stays. The established leasing indicates a history of generating rental income, which can provide financial stability and potential for growth. The fact that the property backs to woods can be a selling point, offering privacy, tranquility, and potentially attractive views for tenants. Overall, this property offers a solid investment opportunity due to its size, configuration, location, and income-generating potential through both traditional leasing and short-term rentals like Airbnb.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Property Condition Average Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5280.00 Cooling Window Unit(s) Heating Hot Water Heating YN Yes Net Square Feet 5280.00

Property Features

Accessibility Features None Central Air YN No Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Electric Municipality Cumberland Navigable Water YN N New Construction YN No Number Of Units Total 6 Original MLSNumber 803233397788 Owner Pays WaterSewer Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 6057.00 Vacation Rental YN No Water Source Public Zoning R-L

Listing courtesy of Charis Realty Group: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor-Made Deep Creek Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-02T23:51:30.59.
 
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Taylor-Made Deep Creek Real Estate
35 Towne Centre Way
McHenry MD, 21541