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(609) 579-9417
eXp Realty
445 N Mechanic St N, Cumberland, MD 21502
- $249,000
- 2,060
- SqFt
- List Price
- $249,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- MDAL2015734
- Subtype
- Multi-Family
- Style
- Traditional
- Year Built
- 1910
- Living Area
- 2,060
- Lot Size
- 2,112
- Acres
- 0.05
- Subdivision
- None Available
- MLS Area Major
- W Cumberland - Allegany County (MDAL3)
Property Description
Investment opportunity in Cumberland with stable tenants, established property management, and room to increase income. This two-unit property is currently generating $1,875/month in total rental income, with long-term tenants who have occupied the property for multiple years. Current market rents are estimated at approximately $2,300–$2,400/month combined, providing potential upside for the next owner. Tenants pay all utilities, with separate electric and water meters in place; gas expense is split between the two units. Property management is already established, offering a streamlined transition for an investor. Sale also includes the adjacent gravel lot, conveyed on a separate deed, providing valuable off-street parking as well as potential future development opportunities, subject to applicable zoning and approvals. At the current asking price of $249,000, the property offers an attractive combination of existing cash flow, long-term tenancy, rental upside, and additional land. Great opportunity to add a stabilized multifamily asset to your portfolio.
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Additional Information
- Exterior Features
- Sidewalk, Street Lights
- Taxes
- $2,247
- Property Description
- Traditional
- Zoning
- B-L
- Appliances
- Dryer, Electric Range, Refrigerator, Stainless Steel Appliance(s), Washer
- Heating
- Forced Air
- Air Conditioning
- Window/Wall
- Foundation
- Block
- School District
- Allegany County Public Schools
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Listing courtesy of Samson Properties. Contact: