$480,000
Active
59 Days Online
0 Beds0 Baths0 SQFT
Active

700 Fayette Street Cumberland, MD 21502

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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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyAllegany
  • Taxes$6,057
  • HOA/Condo/Coop Fees$0
  • Days on Site58 Days
  • MLS StatusActive
  • MLS ID NumberMDAL2009494
  • Home Size Source Assessor
  • Year Built1965
  • Lot Size0.3 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Construction Brick
  • Parking Parking Lot
  • Sewer Public Sewer
  • Acreage 0.3
  • Water Public
  • Property Sub Type Multi Family
  • Attached Garage No
  • Zoning R-L

Interior Features

  • Cooling Window Unit(s)Electric
  • Heating Hot WaterNatural Gas

Exterior Features

  • Spa No
  • Waterfront Property No

Community Features

  • MLS Area W Cumberland - Allegany County (MDAL3)

Schools

School District
ALLEGANY COUNTY PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$2,412
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