Investment opportunity in Cumberland with stable tenants, established property management, and room to increase income. This two-unit property is currently generating $1,875/month in total rental income, with long-term tenants who have occupied the property for multiple years. Current market rents are estimated at approximately $2,300–$2,400/month combined, providing potential upside for the next owner. Tenants pay all utilities, with separate electric and water meters in place; gas expense is split between the two units. Property management is already established, offering a streamlined transition for an investor.
Sale also includes the adjacent gravel lot, conveyed on a separate deed, providing valuable off-street parking as well as potential future development opportunities, subject to applicable zoning and approvals. At the current asking price of $249,000, the property offers an attractive combination of existing cash flow, long-term tenancy, rental upside, and additional land. Great opportunity to add a stabilized multifamily asset to your portfolio.
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Listing Snapshot
Price
$249,000
Days On Site
74 Days
Bedrooms
3
Inside Area (SqFt)
2,060 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.05 Acres
Year Built
1910
MLS Number
MDAL2015734
Status
Active
Property Tax
$2,247
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
3 weeks ago
Status changed to Active
3 weeks ago
Listing updated with changes from the MLS
2 months ago
Listing first seen on site
General Features
Acres
0.05
Foundation
Block
Parking
Off StreetDrivewayParking Lot
Property Sub Type
Duplex
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
2060
SqFt Total
3090
Style
Traditional
Water Source
Public
Zoning
B-L
Interior Features
Appliances
Electric RangeElectric OvenGas Water HeaterWasherRefrigeratorStainless Steel Appliance(s)Dryer
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