$ 249,000
-
$249,000
Price -
3
Bed -
2
Bath -
2,060
SqFt -
0.05
Acre
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About the Listing SAMP8 - 3399257,3051176
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.
Listing Highlights for 445 N Mechanic St N
Status
Active
Days on Site
19
Property Type
Multi-Family
MLS ®
MDAL2015734
Year Built
1910
Total Square Footage
2,060
Lot/Acreage
0.05
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances: Dryer - Electric, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
- Air Cond: Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2060
- Basement: Interior Access
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: B-L
- Roof:
- Others: Sidewalks,Street Lights,Excellent
- Sewer: Public Sewer
- Parking Features: Driveway,Off Street,Parking Lot
Financial Details
- Tax Amount: $2,247
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
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Listing Location
Questions About..
445 N Mechanic St N Cumberland, MD 21502
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