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103 Washington Street

CUMBERLAND, MD 21502
  • $815,000
  • STATUS: Active
  • ON SITE: 42 Days
  • ID#: MDAL2003680
UPDATED: 46 min ago
$815,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1900
County:

School Ratings & Info

Description

Stunning 1880's Romanesque Apartment building, in the Heart of Cumberland's Historic District, converted from Duplex "Mansion" in the 50's. Family Owned for 90+ years! Always well maintained and managed with no expense spared. Offered for sale to liquidate a Family Trust. Very solid rental history with high occupancy for decades. 11 roomy apartments, 9 x1 bedroom 2 x 1Br + den, 3 level Owner Suite over 2,000 sq ft with 4 Brs 2 full baths - basement has additional full bath. FIRST YEAR PROJECTED INCOME OVER $100,000 GROSS. Up to date city inspections and lead certificates. Possession of Owner Suite negotiable to allow for relocation. ****BUYERS MUST BE PRE-QUALIFIED PRIOR TO SHOWING. ****48 HOURS MINIMUM NOTICE TO SEE OWNER SUITE AND 1-2 APARTMENTS, FULL INSPECTION ALLOWED WITH CONTRACT AND INSPECTION PERIOD.****

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©2022 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 LoCoMusings | Century 21 Redwood Realty. 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: 2022-08-07T14:00:08.58.
www.locomusings.com/homes/130288377
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103 Washington Street CUMBERLAND, MD 21502

  • Price: $815,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 46 min ago
  • ID#: MDAL2003680
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1900
Built
Neighborhood:
W Cumberland - Allegany County (Mdal3)
County:
Allegany
Area:
W Cumberland - Allegany County (Mdal3)
School District:
Allegany County Public Schools
Property Description
Stunning 1880's Romanesque Apartment building, in the Heart of Cumberland's Historic District, converted from Duplex "Mansion" in the 50's. Family Owned for 90+ years! Always well maintained and managed with no expense spared. Offered for sale to liquidate a Family Trust. Very solid rental history with high occupancy for decades. 11 roomy apartments, 9 x1 bedroom 2 x 1Br + den, 3 level Owner Suite over 2,000 sq ft with 4 Brs 2 full baths - basement has additional full bath. FIRST YEAR PROJECTED INCOME OVER $100,000 GROSS. Up to date city inspections and lead certificates. Possession of Owner Suite negotiable to allow for relocation. ****BUYERS MUST BE PRE-QUALIFIED PRIOR TO SHOWING. ****48 HOURS MINIMUM NOTICE TO SEE OWNER SUITE AND 1-2 APARTMENTS, FULL INSPECTION ALLOWED WITH CONTRACT AND INSPECTION PERIOD.****
Exterior Features

Construction Materials BrickStone Garage YN No Location Type Downtown Lot Features Rear YardRoad FrontageOtherFront YardCorner Parking Types DrivewayOn StreetPrivate Garage Property Condition Very Good Riparian Rights YN No Roof SlateOther View CityMountainStreetOther Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 10704.00 Cooling Window Unit(S) Exclusions Appliances in Owner Unit Negotiable Flooring Ceramic TileHardwoodSolid HardwoodOther Heating RadiatorZonedOtherHot Water Heating YN Yes Inclusions Kitchen Appliances in 11 Units Net Square Feet 13164.00

Property Features

Acceptable Financing CashConventionalOther Accessibility Features None Assessment Year 2022 Business Type Apartment Building Central Air YN No Cooling Fuel Electric Electric 200+ Amp Service Foundation Details StoneOther Gross Income 97716.00 Heating Fuel Natural Gas Hot Water Natural Gas60+ Gallon TankOther Internet Services BroadbandCableDslOther Lease Considered YN No Municipality Cumberland Navigable Water YN N Net Operating Income 57700.00 New Construction YN No Number Of Units Total 12 Original MLSNumber 801685296668 Owner Pays HeatSewerTaxes - Real EstateTrash CollectionWaterOther Ownership Interest Fee Simple Possession NegotiableOther Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 5201.00 Tax Assessment Amount 260433.00 Transportation Bus Stop Less Than 1 MileAirport Less Than 10 MilesCommuter Rail Station Less Than 1 Mile Utilities Cable TvPhoneElectric AvailableNatural Gas Available Vacation Rental YN No Water Source Public Zoning R-O Zoning Description Residential Or Office Uses Allowed - Or Mixed Uses

Listing courtesy of Long & Foster Real Estate, Inc..


©2022 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 LoCoMusings | Century 21 Redwood Realty. 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: 2022-08-07T14:00:08.58.
 
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