For Sale
$250,000

508-514 Bedford St Cumberland, MD 21502

Historic 4-unit apartment building, high rental potential.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a four-unit apartment building located at 508-514 Bedford Street in Cumberland, Maryland. The property, built in 1907, boasts a charming historical Federal architectural design and sits on a 0.17-acre lot (APN: 0105013070). The building encompasses 4,124 square feet, with each unit offering one bathroom. Two units feature two bedrooms, while the other two offer three bedrooms. The property is zoned R-L. Projected monthly rental income is $750 for the two-bedroom units and $900 for the three-bedroom units, resulting in a total annual projected income of approximately $39,000. Conveniently located minutes from I-68, the apartments offer city and mountain views. Each unit includes various appliances, such as washers, dryers, stoves, and refrigerators (specific appliances vary by unit). A common area is also available. The asking price is $250,000, translating to $60.62 per square foot. This multifamily property presents a compelling investment opportunity with strong rental projections and a desirable location. The property is currently fully vacant, allowing for immediate income generation upon occupancy.

Highlights

  • 2-Bedroom, 1-bath unit; Projected monthly rent: $750; Features: Washer, dryer, stove, and refrigerator at 508 Bedford Street.
  • 2-Bedroom, 1-bath unit; Projected monthly rent: $750; Features: Washer and dryer at 510 Bedford Street.
  • 3-Bedroom, 1-bath unit; Projected monthly rent: $900; Features: Washer, dryer, and stove at 512 Bedford Street.
  • 3-Bedroom, 1-bath unit; Projected monthly rent: $900; Features: Washer and dryer at 514 Bedford Street.

Property Details for 508-514 Bedford St

Property type
Apartment buildings
Square Feet
4,124 SF
Year Built
1907
Lot Size (sq. ft)
7,405 SF
Units
4

Location Insight

City
Cumberland
County
Allegany
State
Maryland
Latitude
39.6595805
Longitude
-78.7592436

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FAQs

What type of property is this?
Apartment building - Historic 4-unit apartment building, high rental potential.
Where is the apartment building located?
The property is located at 508-514 Bedford St Cumberland, MD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2-Bedroom, 1-bath unit; Projected monthly rent: $750; Features: Washer, dryer, stove, and refrigerator at 508 Bedford Street.; 2-Bedroom, 1-bath unit; Projected monthly rent: $750; Features: Washer and dryer at 510 Bedford Street.; 3-Bedroom, 1-bath unit; Projected monthly rent: $900; Features: Washer, dryer, and stove at 512 Bedford Street.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Property Records

Contacts

Mandi Floyd
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Bedford St
Cumberland, MD 21502

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Bedford St
Cumberland, MD 21502

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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508-514 Bedford St
  • Mandi Floyd
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