140146 MECHANIC ST

Cumberland, MD 21502
MLS# AL7583964
$189,000

Price

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Bedrooms

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Bathrooms

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

 Virtual Tour

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 2

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 1

Parking

  • On Street Parking

Rental 1

Lease Terms

  • 1 year

† Excluded Feature

Listed By

Broker: PRUDENTIAL BOWEN REALTY

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Pricing 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

Market Pricing

Average % of sale price Median % of sale price
All listings in Cumberland $188,005 1 % below $129,839 31 % below
Commerical listings in Cumberland $352,734 87 % above $199,000 5 % 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)
124 HANOVER ST
Cumberland, MD
$49,000 4/23/2014 0.12
32 CUMBERLAND ST
Cumberland, MD
6 2.00 0.00 $90,000 8/29/2014 0.14
127 BALTIMORE ST
Cumberland, MD
7900.00 $42,500 4/4/2014 0.25
63 GREENE ST
Cumberland, MD
3 3.00 2351.00 $41,000 8/15/2014 0.26
230 COLUMBIA ST
Cumberland, MD
2 2.00 0.00 $35,000 10/7/2014 0.26

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 %

Residential Dwellings

  • Owned 5074
  • Vacant 1555
  • Rented 4323

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