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Marjorie Dick Stuart

  • Cell 240-731-8079
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700 Fayette St, CUMBERLAND, MD – $480,000

  • $480k Price
  • 5,280 Sqft
  • .3 Acres
  • 132 DOM
  • $480k Price
  • 5,280 Sqft
  • .3 Acres
  • 132 DOM

700 Fayette St

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.

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Essential Information

  • MLS® #MDAL2009494
  • Price$480,000
  • Bathrooms0.00
  • Square Footage5,280
  • Acres0.30
  • Year Built1965
  • TypeCommercial Sale
  • Sub-TypeFive Or More Units
  • StatusActive

Community Information

  • Address700 Fayette St
  • CityCUMBERLAND
  • CountyALLEGANY-MD
  • StateMD
  • MunicipalityCumberland
  • Zip Code21502

Area

W Cumberland - Allegany County (MDAL3)

Interior

  • HeatingHot Water
  • CoolingWindow Unit(s)

Exterior

  • ExteriorBrick and Siding

School Information

  • DistrictALLEGANY COUNTY PUBLIC SCHOOLS

Additional Information

  • Date ListedJuly 19th, 2024
  • Days on Market132
  • ZoningR-L

Listing Details

  • OfficeCharis Realty Group
  • Office Contact(240) 801-5011
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Listing information last updated on November 27th, 2024 at 6:30pm CST.