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229 Union Street

CUMBERLAND, MD 21502
  • $315,000
  • STATUS: Active
  • ON SITE: 174 Days
  • ID#: MDAL137216
UPDATED: 15 min ago
$315,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1910
County:

School Ratings & Info

Description

Calling for investors: This 5 unit commercial property currently has only two rented units. You can set your own rent for the other 3 units. There are 2 long term tenants. There is also a garage that you can rent. Some of the non leased units come furnished. Furniture does convey in the non leased units. Once you set the rents for the 3 un-rented units; you may be around the 1% threshold that many investors are looking for. Property also has coin operated washer/dryer for tenant use.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mike Coleman Team | Keller Williams Realty Devon-Wayne. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-27T21:49:41.233.
www.mikecolemanteam.com/homes/117955682
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229 Union Street CUMBERLAND, MD 21502

  • Price: $315,000
  • Status: Active
  • On Site: 174 Days
  • Updated: 15 min ago
  • ID#: MDAL137216
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1910
Built
Neighborhood:
N Cumberland - Allegany County (Mdal1)
County:
Allegany
Area:
N Cumberland - Allegany County (Mdal1)
School District:
Allegany County Public Schools
Property Description
Calling for investors: This 5 unit commercial property currently has only two rented units. You can set your own rent for the other 3 units. There are 2 long term tenants. There is also a garage that you can rent. Some of the non leased units come furnished. Furniture does convey in the non leased units. Once you set the rents for the 3 un-rented units; you may be around the 1% threshold that many investors are looking for. Property also has coin operated washer/dryer for tenant use.
Exterior Features

Construction Materials Combination Garage YN No Parking Types On Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3320.00 Cooling None Heating Baseboard - Electric Heating YN Yes Net Square Feet 3680.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2021 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel None Heating Fuel Electric Hot Water Electric Municipality Cumberland Navigable Water YN N New Construction YN No Number Of Units Total 5 Original MLSNumber 304642722199 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 1965.00 Tax Assessment Amount 98100.00 Vacation Rental YN No Water Source Public Zoning Residential

Listing courtesy of Re/Max Elite Services.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Mike Coleman Team | Keller Williams Realty Devon-Wayne. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-27T21:49:41.233.
 
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The Mike Coleman Team | Keller Williams Realty Devon-Wayne
216 E. Lancaster Ave.
Wayne PA, 19087