MD > Cumberland
Cumberland, MD 21502,700 FAYETTE ST
Cumberland, MD 21502,700 FAYETTE ST
Cumberland, MD 21502,700 FAYETTE ST
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$480,000
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6,160 SqFt
Active

700 FAYETTE ST Cumberland, MD 21502

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Sharif Ibrahim

Sharif Ibrahim

+1(202) 288-9903

UPDATED:

10/17/2024 05:42 PM

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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Sharif Ibrahim

Agent | License ID: SP98374776

+1(202) 288-9903

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700 FAYETTE ST