For Sale
$190,000

708 Fayette StCumberland, MD 21502

Two-unit apartment building, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a two-unit apartment building located at 708 Fayette St, Cumberland, Maryland, 21502. The property, built in 1909, offers a total of 2,178 square feet of living space, currently vacant, and sits on a 0.27-acre lot. The asking price is $190,000, translating to a price per square foot of $87.24. The property is zoned for residential use and features a fee simple ownership structure. Its convenient Westside Cumberland location offers a peaceful setting, backing onto wooded areas. The property's established leasing history suggests strong rental potential. The Allegany County location, with APN 0106026397, provides a stable investment environment. This multifamily property presents a compelling opportunity for investors seeking a well-situated, established rental property in a desirable Maryland location. The property's size and location make it an ideal investment for both seasoned and new investors looking to expand their portfolio. The current vacancy provides immediate opportunity to set rental rates and establish a strong cash flow. This is a rare opportunity to acquire a well-maintained property in a growing area.

Highlights

  • Two-unit apartment building at 708 Fayette St, Cumberland, MD 21502.
  • 2,178 sq ft, currently vacant.
  • $190,000 asking price ($87.24/sq ft).
  • 0.27-acre lot, zoned residential, fee simple ownership.
  • Strong rental potential in desirable Westside Cumberland location.

Property Details for 708 Fayette St

Property type
Apartment buildings
Square Feet
2,178 SF
Year Built
1909
Lot Size (sq. ft)
11,761 SF
Units
2

Location Insight

City
Cumberland
County
Allegany
State
Maryland
Latitude
39.6532524
Longitude
-78.7812755
708 Fayette St, Cumberland, Maryland

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708 Fayette St
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