703 Baker Street
Cumberland, MD 21502

For Sale

$119,999

4 Beds

4 Baths

1,898 SqFt

4 Family

$1500/mo

FULLY OCCUPIED. CASH FLOWING FOUR-PLEX!! DOUBLE DIGIT RETURNS!

FULLY OCCUPIED.
CASH FLOWING FOUR-PLEX!!
DOUBLE DIGIT RETURNS!

This rare deal is one you wouldn't want to miss! This Four-plex is fully occupied, with long-standing tenants, all on month to month leases. Each units consists of 1 bedroom and 1 bathroom with a total combined livable area of 1,898 square feet. Each unit comes with a heater and the owner pays for electricity and water/sewer.

This property is located in Cumberland, Maryland - a beautiful, mountain town located on the banks of the Potomac River. This cash flowing duplex is a blue-collar neighborhood, mostly comprised of multi-family on the same street. Within walking distance there are convinced stores, Walgreens Pharmacy, and several fast-food restaurants as well as, Grocery stores. There are several churches within 3 blocks and several schools located in this area. Being a town mostly known as a historic area, C&O Canal Bike trail ends here and runs through to Washington DC. A new bike path has been completed that runs From Cumberland to Pittsburgh, PA.

We have old Sinic Raiolroad tours and Museums and a large Art community along with 40 Miles of River access for the Fishermen and Kayakers. Western MD also has 2 Collages Frostburg State University and Allegany College. The largest employers here are CSX Railroad, Northrop Grumman, and IBM. FedEx distribution center has opened, and Amazon is opening a new Warehouse an hour away in Hagerstown MD. In the last 5 yrs, we've seen 5 coffee shops and 4 breweries arrive in town.

Rent ready was done several years ago and deferred maintenance may be necessary. Property being sold AS-IS thus the discount.

**All units are on a month-to-month lease.
2 upper units are rented at $350 per month per unit.
2 lower units are rented at $400 per month per unit.
PROPERTY SOLD AS-IS....

Property Analysis