700 Fayette Street Cumberland, MD 21502 Municipality: Cumberland

Multi-Family Residence

Beds

Baths

5,280 Sq. Ft.

0.3 Acre Lot

Property Activity

Time on Site

days

Days on Market

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Saves

Last updated on 11/26/2024 5:33 PM

Listing Details

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 sub...stantial 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. Continue reading

MLS#

MDAL2009494

Property Type

Multi-Family

Year Built

1965

Square Feet

5,280 sq. ft

Price per Sq. Ft.

$77.92

Lot Size

0.3