708 Fayette StCumberland, MD 21502

Property Details for 708 Fayette St

Year built

1909

Lot size

0.27 AC

Property size (Sq ft)

2,178 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Cumberland

County

Allegany

State

Maryland

Latitude

39.6533

Longitude

-78.7813

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