Offered at a 13% Cap Rate*, net of all costs including tax. This 7 unit, single bed, furnished, multi-family property consists of two lots, ID 0105021863; 0105023963.
3 structures are on the land, 527 and 529 N Centre adjoin via a common hallway addition, 576 Necessity St stands alone.
Several long-term tenants, 1 10-year tenant, 1 5-year tenant, 3 1-1/2-year tenants. 3 units are rented with HUD subsidies and are inspected by HUD annually.
Units are furnished and furnishings will convey.
527-529 N Centre St, Cumberland MD
- 7, 1 bedroom units
- 3 Structures
- 100% occupancy
- month-month tenancies
- several long-term tenants
- lead free
- Gross Operating Income, $53400
- Expenses inc Taxes, $19329
- Net Operating Income, $34071
- 13% Cap Rate
- Off Street Parking
- Long Term Tenants
- Hud Tenants
- Lead Free Certificates
*Financial information is provided by the owner, information is deemed reliable but not guaranteed, no or guarantee is offered as to its accuracy.warranty
^Brokerage services not provided by Allegany Commercial Real Estate LLC. All Such afforementioned services provided by Daniel Taylor-Neumann under Taylor Properties and its principal Broker. Taylor Properties office number 800 913 4326