MD > Cumberland
Cumberland, MD 21502,700 FAYETTE ST
Cumberland, MD 21502,700 FAYETTE ST
Cumberland, MD 21502,700 FAYETTE ST
Cumberland, MD 21502,700 FAYETTE ST
Cumberland, MD 21502,700 FAYETTE ST
Cumberland, MD 21502,700 FAYETTE ST
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Sharie Johnson

Sharie Johnson

+1(240) 346-6440
$ 480,000
Est. payment | /mo

6,160 SqFt

Save
$ 480,000
Est. payment | /mo
Save

6,160 SqFt

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,160 sqft

Price per Sqft $77

MLS Listing ID MDAL2009494

Originating Board BRIGHT

Year Built 1965

Annual Tax Amount $6,057

Tax Year 2024

Lot Size 0.303 Acres

Acres 0.3

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.

Location

State MD

County Allegany

Area W Cumberland - Allegany County (Mdal3)

Zoning R-L

Interior

Hot Water Electric

Heating Hot Water

Cooling Window Unit(s)

Heat Source Natural Gas

Exterior

Garage Spaces 6.0

Waterfront N

Water Access N

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Allegany County Public Schools

Others

Tax ID 0106006981

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Stephen MacGray • Charis Realty Group
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(240) 346-6440

shariesellsrealestate@gmail.com

10321 Southern Maryland Blvd, Dunkirk, MD, 20754, USA

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700 FAYETTE ST