$325,000 700 FAYETTE STREET , CUMBERLAND
- MLS#:MDAL2011192
- Property Type: Commercial Sale
- Address: 700 FAYETTE STREET
- City / Zip:CUMBERLAND, MD 21502
- Area:CUMBERLAND
- County:ALLEGANY
- Bedrooms:0
- Bathrooms:0
- Heated Sq Ft:5,280
- Building Sq Ft:5,280
- Acres:0.30
- Year Built:1965
- Zoning:R
- Date Listed:03/18/2025
- StatusUnder Contract
Agent's Comments
PUBLIC AUCTION ON FRIDAY APRIL 4 STARTING AT 10:00 AM. THE LIST PRICEIS THE RECOMMENDED OPENING BID ONLY. Properties are being offeredindividually and as an entirety. Deposits in the form of a cashiers check required of allbidders 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 purchaseprice within 5 days of the date of sale. The properties will be open for viewing 1 hourprior to the time of sale and by appointment. Broker Participation Offered. Agents mustregister their clients at least 48 hours before the auction. See Auctioneers website forterms 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.
- Listing provided courtesy of the MLS.
