2 Altamont Ter, Cumberland, MD 21502
- $695,000
- List Price
- $695,000
- Days on Market
- 39
- Status
- ACTIVE
- MLS#
- MDAL2014962
- Lot Size (Acres)
- 0.1
- Year Built
- 1898
- County
- Allegany
- School District
- Allegany County Public Schools
Property Description
Exceptional investment opportunity! This professionally managed 11-unit multifamily property offers immediate cash flow and is almost fully occupied, providing investors with stable income from day one and strong long-term upside. The property features a desirable unit mix, coin-operated laundry for additional revenue, and a proven rental history. Investors will appreciate the combination of in-place income, value-add potential through future rent optimization, and a well-maintained asset positioned for continued performance. Conveniently located in Cumberland with easy access to local amenities, employment centers, and transportation. Whether you're expanding your portfolio or completing a 1031 exchange, this turnkey multifamily investment presents an outstanding opportunity for dependable cash flow and long-term appreciation.
Additional Information
- Area
- W Cumberland - Allegany County (MDAL3)
- Taxes
- $8057
- Stories
- 4
- School District
- Allegany County Public Schools
- High School
- Allegany
- Flooring
- Luxury Vinyl Plank, Ceramic Tile
- View
- City, Mountain
- Heating
- Baseboard - Electric
- Heating Fuel
- Electric
- Cooling
- Window Unit(s)
- Roof
- Shingle
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of REMAX Platinum Realty. Contact: