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4 Browning Street

CUMBERLAND, MD 21502
  • $199,900
  • STATUS: Active Under Contract
  • ON SITE: 122 Days
  • ID#: MDAL2007408
Under Contract
$199,900
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,533
    SQFT
  • $44
    $/SQFT
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Description

Attention Investors! INCOME PRODUCING PROPERTY! Here is a great investment opportunity to add to your portfolio! This spacious triplex is fully rented and gross annual income is $31,500! Tenants pay their own electric. Owner pays the water. Property is registered and in compliance with both the city and state. Lead inspected and lead certs provided! Here's a breakdown of the property: Unit #1: 3 bedrooms/1 full bath, Unit #2: 4 bedrooms/1 full bath,Unit #3: 5 bedrooms/1 full bath. The 3rd floor apartment offers awe-inspiring city views! The property features a large front porch and a second-floor porch, although the latter is currently closed off. These spaces provide additional appeal to potential tenants.Recent upgrades include the installation of 66 new windows throughout the triplex, enhancing energy efficiency and aesthetics. Each unit has its own tankless hot water heater, contributing to tenant comfort and convenience. The electrical system has also been updated to meet modern standards.This property is conveniently located close to shopping centers, Interstate 68 (I-68), restaurants, and medical facilities. It offers both on-street parking and rear parking for one car, adding to tenant convenience. The interior of the property boasts impressive woodwork and spacious room sizes, making it stand out among other rental properties in the area. Stoves and refrigerators are included in each unit, making it easier for tenants to move in and get settled.This triplex represents an excellent investment opportunity with its fully rented units, recent upgrades, and prime location. NO SHOWINGS UNTIL UNDER CONTRACT AND/OR PENDING A HOME INSPECTION.Don't miss out on this opportunity! Seller will entertain a package deal with the following properties:ALMD2007678, ALMD2006876, ALMD2006828, MDAL2006544, MDAL2006636 (ALL ARE RENTED)

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bic DeCaro & Associates | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-22T18:02:41.503.
www.bicdecaro.com/homes/144635120
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4 Browning Street CUMBERLAND, MD 21502

  • Price: $199,900
  • Status: Active Under Contract
  • On Site: 122 Days
  • ID#: MDAL2007408
0
Beds
0
Baths
0
½ Baths
0.09
Acres
4,533
SQFT
$44
$/SQFT
1910
Built
Neighborhood:
S Cumberland - Allegany County (Mdal2)
County:
Allegany
Area:
S Cumberland - Allegany County (Mdal2)
School District:
Allegany County Public Schools
Property Description
Attention Investors! INCOME PRODUCING PROPERTY! Here is a great investment opportunity to add to your portfolio! This spacious triplex is fully rented and gross annual income is $31,500! Tenants pay their own electric. Owner pays the water. Property is registered and in compliance with both the city and state. Lead inspected and lead certs provided! Here's a breakdown of the property: Unit #1: 3 bedrooms/1 full bath, Unit #2: 4 bedrooms/1 full bath,Unit #3: 5 bedrooms/1 full bath. The 3rd floor apartment offers awe-inspiring city views! The property features a large front porch and a second-floor porch, although the latter is currently closed off. These spaces provide additional appeal to potential tenants.Recent upgrades include the installation of 66 new windows throughout the triplex, enhancing energy efficiency and aesthetics. Each unit has its own tankless hot water heater, contributing to tenant comfort and convenience. The electrical system has also been updated to meet modern standards.This property is conveniently located close to shopping centers, Interstate 68 (I-68), restaurants, and medical facilities. It offers both on-street parking and rear parking for one car, adding to tenant convenience. The interior of the property boasts impressive woodwork and spacious room sizes, making it stand out among other rental properties in the area. Stoves and refrigerators are included in each unit, making it easier for tenants to move in and get settled.This triplex represents an excellent investment opportunity with its fully rented units, recent upgrades, and prime location. NO SHOWINGS UNTIL UNDER CONTRACT AND/OR PENDING A HOME INSPECTION.Don't miss out on this opportunity! Seller will entertain a package deal with the following properties:ALMD2007678, ALMD2006876, ALMD2006828, MDAL2006544, MDAL2006636 (ALL ARE RENTED)
Exterior Features

Architectural Style Other Construction Materials Stucco Garage YN No Parking Types DrivewayOn Street Pool No Pool Property Condition Good Riparian Rights YN No Roof Composite View CityMountainStreet Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 4533 Appliances RefrigeratorStove Below Grade Finished Area 0 Below Grade Unfinished Area 1795 Cooling Ceiling Fan(s) Fireplace YN Yes Fireplaces Total 1 Flooring CarpetMarbleTile/BrickVinylWood Heating Radiator Heating YN Yes Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 0 Walls Ceilings Dry WallPlaster WallsPaneled Walls

Property Features

Acceptable Financing CashConventional Accessibility Features None Assessment Year 2023 Central Air YN No Cooling Fuel Electric Electric 100 Amp Service Existing Lease Type Yearly Foundation Details BlockConcrete Perimeter Heating Fuel Electric Hot Water Electric Municipality Cumberland Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 802691804386 Ownership Interest Fee Simple Possession Settlement Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 2032.00 Tax Assessment Amount 102100.00 Vacation Rental YN No Water Source Public Zoning RESIDENTIAL

Listing courtesy of EXP Realty, LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Bic DeCaro & Associates | eXp Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-22T18:02:41.503.
 
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