708 Fayette St Cumberland, MD 21502
- Commercial real estate
- 2,178 SF
- 0.27 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 708 Fayette St
- Year built
- 1909
- Lot size
- 0.27 lot acres
- Property size
- 2,178 SF
- Property type
- Commercial real estate
- APN
- 0106026397
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cumberland
- County
- Allegany
- State
- Maryland
- Longitude
- -78.7812755
- Latitude
- 39.6532524
