700 Fayette Street Cumberland, MD 21502
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)