$480,000 700 FAYETTE STREET , CUMBERLAND
- MLS#:MDAL2009494
- Property Type: Commercial Sale
- Address: 700 FAYETTE STREET
- City / Zip:CUMBERLAND, MD 21502
- Area:CUMBERLAND
- County:ALLEGANY
- Bedrooms:0
- Bathrooms:0
- Heated Sq Ft:6,160
- Building Sq Ft:6,160
- Acres:0.30
- Year Built:1965
- Zoning:R-L
- Date Listed:07/19/2024
Agent's Comments
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.
- Listing provided courtesy of the MLS.
