Cumberland, MD 21502,116 VIRGINIA AVE
Cumberland, MD 21502,116 VIRGINIA AVE
Cumberland, MD 21502,116 VIRGINIA AVE
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$175,000
Est. payment /mo
2,592 SqFt
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UPDATED:

02/10/2025 09:15 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,592 sqft

Price per Sqft $67

MLS Listing ID MDAL2010938

Originating Board BRIGHT

Year Built 1936

Annual Tax Amount $1,256

Tax Year 2024

Lot Size 1,440 Sqft

Acres 0.03

Property Sub-Type Mixed Use

Property Description

Great Investment Opportunity!

Own this profitable laundromat with a long-term tenant occupying the upstairs apartment. The property features separately metered electric, with the owner covering approximately $250/month for gas, $200/month for water, and $200/month for electric. The seller nets approximately $1,200 to $1,300 per month.

The apartment tenant pays $650/month plus electric and enjoys gas forced air heating. This solid brick building is conveniently located close to all amenities. Don't miss this fantastic income-generating property! Large parking lot! Call today to schedule a tour! Upstairs apartment does require a 24 hr. notice.

Location

State MD

County Allegany

Area S Cumberland - Allegany County (Mdal2)

Zoning COMMERCIAL

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Ceiling Fan(s)

Flooring Carpet, Tile/Brick, Vinyl

Heat Source Natural Gas

Exterior

Garage Spaces 6.0

Water Access N

View City, Mountain, Street

Roof Type Rubber

Accessibility None

Total Parking Spaces 6

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Allegany County Public Schools

Others

Tax ID 0104002911

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard


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Bright MLS (BMLS)
Listed by Pamela A Terry • EXP Realty, LLC
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Our passion for real estate and love for New Jersey are a perfect match. We have made it our mission to help local residents sell their homes quickly and at the best possible prices, and  homebuyers in finding their perfect piece of paradise in New Jersey. 

+1(609) 631-5668

steven.pagan@foxroach.com

352 Stokes Rd, Medford, NJ, 08055, USA

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116 VIRGINIA AVE