527-529 N Centre St

13% Cap Rate: 7 Units:  $261,600

Broker co-op available

1/20

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.

Location: 

527-529 N Centre St, Cumberland MD

 

Property Type: 

Multi-Family

 

Property Details:

- 7, 1 bedroom units

- 3 Structures

- 100% occupancy 

- month-month tenancies 

- several long-term tenants

- lead free

^Sale Terms: 

-Fee Simple

-$261,600

 

Financial Information:

- Gross Operating Income, $53400

- Expenses inc Taxes, $19329

- Net Operating Income, $34071

- 13% Cap Rate

*

 

Highlights:

- 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

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301 697 6150                          contact@acreoffice.com                       40 N Centre St Cumberland, MD 21502

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