MD > Cumberland
Cumberland, MD 21502,301 BALTIMORE AVE
Cumberland, MD 21502,301 BALTIMORE AVE
Cumberland, MD 21502,301 BALTIMORE AVE
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$350,000
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2,475 Sqft Lot
Active

301 BALTIMORE AVE Cumberland, MD 21502

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Matthew Curcio

Matthew Curcio

+1(856) 207-7592

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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDAL2013112

Year Built 1920

Annual Tax Amount $3,307

Tax Year 2024

Lot Size 2,475 Sqft

Acres 0.06

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Excellent investment opportunity in the heart of Cumberland, Maryland. This well maintained four-unit apartment building with a ground level commercial space is in excellent condition, mostly rented and priced to sell. The versatile commercial space on the ground floor offers additional income potential- ideal for office, retail or storage. Located close to downtown amenities, shops and restaurants, this is a fantastic investment opportunity.
Each unit has separate electric and water.
Unit 1: 1 bedroom/1 full bath -rented at $875/month. Features hardwood floors, in unit laundry and a new hot water heater.
Unit 2: 2 bedroom/2 bath - rented at $775/month - One of the bedrooms is being updated and will have new flooring
Unit 3: 2 bedroom/2 bath -currently vacant. Offers in unit laundry, hardwood floors, an open kitchen with island and fantastic city and mountain views. (Formally rented for $950/month)
Unit 4: 1 bedroom/1 bath - rented at $850/month. Features new hot water tank, new carpet, new floors, fresh paint and new kitchen countertops. This unit has central air.
The bottom unit has street front windows perfect for office space.
The basement has been waterproofed in 2024 and a new sump pump was installed.
With strong rental income, minimal maintenance, and multiple income streams, this property offers immediate cash flow and long-term growth potential. A solid addition to any investment portfolio in a revitalizing downtown area.

Location

State MD

County Allegany

Area S Cumberland - Allegany County (Mdal2)

Zoning R-O

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Hardwood

Heat Source Natural Gas

Exterior

Water Access N

View City, Mountain

Roof Type Other

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools West Side

Middle Schools Braddock

High Schools Allegany

School District Allegany County Public Schools

Others

Tax ID 0122009443

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)

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Matthew Curcio

Matthew Curcio

Broker Associate & Team Leader | License ID: 0121845

+1(856) 207-7592

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301 BALTIMORE AVE

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