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PUBLIC AUCTION ON FRIDAY APRIL 4 STARTING AT 10:00 AM. THE LIST PRICE IS THE RECOMMENDED OPENING BID ONLY. Properties are being offered individually and as an entirety. Deposits in the form of a cashier's check required of all bidders at the time of sale: $20,000 for 700 Fayette St; $10,000 for 708 Fayette St and $25,000 for 635 Washington St. The deposit must be increased to 10% of the purchase price within 5 days of the date of sale. The properties will be open for viewing 1 hour prior to the time of sale and by appointment. Broker Participation Offered. Agents must register their clients at least 48 hours before the auction. See Auctioneer's website for terms and additional information. DO NOT MISS THIS OPPORTUNITY!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.
| DAYS ON MARKET | 1 | LAST UPDATED | 3/18/2025 |
|---|---|---|---|
| YEAR BUILT | 1965 | COMMUNITY | W Cumberland - Allegany County (MDAL3) |
| COUNTY | ALLEGANY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | ALLEGANY COUNTY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Electric, Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | W Cumberland - Allegany County (MDAL3) |
| CONSTRUCTION | Brick |
| HEAT | Hot Water, Natural Gas |
| LOT | 0.3 acre(s) |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| TAXES | 6057 |
| WATER | Public |
| ZONING | Commercial type |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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