140146 MECHANIC ST, Cumberland MD 21502 Commercial Property for Sale for $189,000. This building was built in 1915 on a lot size of 0.060606 Acre(s).

Property Information
$189,000
Commercial
Taxes are $1,289
Office
Active
4 Floors
Lot Size of 0.060606 Acre(s)
Built in 1915
Cumberland, MD
Canal Place Neighborhood
Allegany County
MLS/Web ID is AL7583964
140146 MECHANIC ST, Cumberland, MD
Description

Six fully rented apartments plus two small store front units ideal for small retail or office use. All upper apartments have rear decks overlooking Wills creek. Convenient location. Lots of renovations to the property within past six months, both inside and out. New price has property it at a 14.5 cap rate. This is a must see for any serious investor.

Interior
Sewer
  • Public Sewer
Water Source
  • Public Water
Exterior
Parking
  • On Street Parking
Rental
Lease Terms
  • 1 year
† Excluded Feature
Listed By
Broker: PRUDENTIAL BOWEN REALTY

Property Report

Price History
Date Price Price Change Description
6/17/2014 $189,000 -16.00 % Price Change
12/10/2013 $225,000 12.56 % Price Change
4/22/2011 $199,900 Listed Price
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Market Pricing

Average % of sale price Median % of sale price
All listings in Cumberland $191,973 2 % above $134,900 29 % below
Commerical listings in Cumberland $353,034 87 % above $264,950 40 % above
Sold listings in Cumberland $85,385 55 % below $79,639 58 % below

Local Sold History

Address Beds Baths Sqft Sold Price Sold Date Distance (miles)
4 MARKET ST
Cumberland, MD
4048.00 $75,000 12/3/2013 0.07
183 CENTRE ST
Cumberland, MD
1992.00 $75,000 9/30/2013 0.08
38 MECHANIC ST N
Cumberland, MD
17132.00 $80,000 12/9/2013 0.11
124 HANOVER ST
Cumberland, MD
$49,000 4/23/2014 0.12
108 SMALLWOOD ST N
Cumberland, MD
3 2.00 2982.00 $80,000 12/12/2013 0.22

Get the facts about Cumberland, MD!

Population
20,783
Population Growth (since 2000)
-5 %
Median Income
$31,506
Median Age
41.17
Households w/ Children
26 %
5,074 1,555 4,323 5,074 1,555
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Information deemed reliable but not guaranteed.

The information contained in this listing is deemed reliable but not guaranteed. Listing data provided by Metropolitan Regional Information Systems, Inc. as of 7/22/2014

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.5% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.