$ 649,000
-
$649,000
Price -
0
Bed -
0
Bath -
7,997
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing RXPT1 - 3290109
11 UNITS. STABILIZED. CLEAN. INCOME PRODUCING. ULTRA-RARE FOR CUMBERLAND. A standout opportunity to acquire a professionally managed 11-unit multifamily property offering immediate cash flow, strong occupancy, and meaningful upside through future rent increases. Properties of this scale and condition are extremely difficult to find in the Cumberland market. This is not a heavy value-add or turnaround project. The building is clean, stabilized, well managed, and already producing income, giving an investor the ability to step into an operating asset from day one. The property offers a desirable unit mix, established rental history, and additional revenue from on-site coin-operated laundry. Current rents also provide room for future increases, creating a clear path to stronger NOI and improved long-term returns without requiring a major repositioning of the asset. Conveniently located near downtown Cumberland, employment centers, shopping, services, and I-68, the property is well positioned for continued rental demand. For investors looking to add scale, complete a 1031 exchange, or acquire a stabilized multifamily asset with both current income and future upside, 2–4 Altamont Terrace is an exceptionally rare Cumberland opportunity. 11 units. Stabilized income. Room to raise rents. Very little like it in the market.
Listing Highlights
Status
Active
Days on Site
107
Property Type
Commercial Sale
MLS ®
MDAL2014962
Year Built
1898
Total Square Footage
7,997
Lot/Acreage
0.1
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Baseboard - Electric
- Fireplaces:
- Floor: Luxury Vinyl Plank,Ceramic Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: R-L
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $8,057
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
2 Altamont Terrace Cumberland, MD 21502
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
