401-401-403 ASCENSION ST Cumberland, MD 21502
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,082 sqft
Price per Sqft $59
MLS Listing ID MDAL2009828
Style Colonial
Abv Grd Liv Area 1,682
Originating Board BRIGHT
Year Built 1920
Available Date 2024-09-13
Annual Tax Amount $777
Tax Year 2023
Lot Size 3,446 Sqft
Acres 0.08
Property Sub-Type Twin/Semi-Detached
Property Description
Unlock exceptional potential with this substantial, vacant brick duplex nestled in Cumberland, MD. This property presents a fantastic opportunity for investors seeking a value-add project or savvy homebuyers looking to house hack. It features two well-appointed 2-bedroom, 1-bathroom units, each ensuring tenant privacy with individual private entrances.
Built to last, the duplex boasts durable brick construction, offering long-term stability and minimal upkeep. Each unit is equipped with separate utility meters, providing efficient expense management for landlords and clear accountability for tenants. Comfort and cost-savings are enhanced by the majority of windows being upgraded to energy-efficient vinyl replacements.
While the units await your personal touch with cosmetic updates – including fresh paint, new flooring, and modern appliances – the property benefits from a proven strong rental history, previously renting for $800 per unit, generating a total monthly income of $1600. Furthermore, this property offers significant potential for Section 8 tenants, opening up a reliable and consistent income stream. Imagine the increased rental revenue achievable with strategic renovations! Tenants will appreciate the generous storage solutions provided by the large attic and full basement.
Perfectly positioned for convenience, this Cumberland duplex is within easy walking distance to essential amenities such as grocery stores, restaurants, and gas stations, ensuring a high quality of life for future tenants. Furthermore, its close proximity to the nearest highway exit offers seamless commuting and regional access. Whether you're an experienced investor looking to capitalize on a prime opportunity or a first-time buyer aiming for financial growth through house hacking, this duplex represents excellent value in a sought-after location. Don't miss out – be sure to view the detailed walk-through video to fully grasp the potential!
Location
State MD
County Allegany
Area S Cumberland - Allegany County (Mdal2)
Zoning RESIDENTAL
Rooms
Basement Other, Partially Finished, Walkout Level
Interior
Interior Features Floor Plan - Traditional, Kitchen - Eat-In
Hot Water Electric
Heating Baseboard - Electric
Cooling Wall Unit
Flooring Laminated, Ceramic Tile
Equipment Stove, Refrigerator
Fireplace N
Appliance Stove, Refrigerator
Heat Source Electric, Natural Gas
Exterior
Utilities Available Phone Available, Natural Gas Available
Water Access N
Roof Type Asphalt
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
High Schools Fort Hill
School District Allegany County Public Schools
Others
Tax ID 0104021444
Ownership Fee Simple
SqFt Source Estimated
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Negotiable
Listing Terms Negotiable
Financing Negotiable
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/shorts/rGSVIW_4aHU
Team Leader & Real Estate Agent | License ID: 507142
+1(410) 409-5147 | missy@millerteam.com