1 CUMBERLAND St Clear Spring, MD 21722

Building Details

Year Built

1920

Listing Agency r**@wolfeteam.net Show Phone

Listed by Ronald E Wolfe Show Phone

Source Elliman

Added: May 14 Checked: Jul 17 at 6:32 pm

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Investment Insights

Based on property information with market context.

This multifamily property offers immediate cash flow with two apartments currently rented on a month-to-month basis. Apartment 1 features one bedroom and one bathroom, while Apartment 2 is a studio apartment. One tenant is vacating at the end of May. The basement area is currently rented for storage. The main level has some drywall and can be renovated for another apartment or commercial business. HVAC units for each floor, except the basement, are 5 years old, and the metal roof is 6 years old. The property has a bike score of 33, indicating it is somewhat bikeable, and a walk score of 39, suggesting car dependence.

Key Highlights

• Immediate cash flow from two existing rental apartments and basement storage rental.
• Opportunity to renovate the main level for an additional apartment or commercial business.
• Newer HVAC units (5 years old) for each floor except basement.

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FAQs

What type of property is this?

Multifamily property - Multifamily property with immediate income and renovation opportunities.

Where is this multifamily property located?

The property is located at 1 CUMBERLAND St Clear Spring, MD.

What is the asking price?

The asking price for this property is $310,000.

What are key features of this property?

This property features: Immediate cash flow from two existing rental apartments and basement storage rental.; Opportunity to renovate the main level for an additional apartment or commercial business.; Newer HVAC units (5 years old) for each floor except basement.