12 1/2 S WAVERLY TER, Cumberland, MD 21502
Listed by Allyson Litten • Mountainside Home Realty
$480,000
Est. payment /mo
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4,130 Sqft Lot
Coming Soon

12 1/2 S WAVERLY TER Cumberland, MD 21502

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Kyana Mosley

Kyana Mosley

+1(301) 778-8774

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Coming Soon

Purchase Type For Sale

MLS Listing ID MDAL2015652

Year Built 1910

Available Date 2026-08-31

Annual Tax Amount $5,063

Tax Year 2025

Lot Size 4,130 Sqft

Acres 0.09

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

NINE UNIT APARTMENT BUILDING WITH OFF-STREET PARKING LOT. This nine-unit multifamily property presents a strong opportunity for an investor seeking immediate rental income, substantial completed improvements and clear value-add potential. The building consists of seven one-bedroom apartments and two two-bedroom apartments, with five units currently occupied, including a long-term tenant in Unit 6. Most of the apartments have been fully renovated, while Units 7 and 8 are partially completed—already gutted and painted and primarily needing flooring, kitchens and bathrooms—allowing the next owner to finish the remaining work, lease the vacant units and significantly increase the property's gross income. Approximately $70,000 has already been invested into the property, including extensive interior renovations, new water heaters throughout and a complete renovation of the common areas with new flooring, fresh paint, updated electrical outlets and refinished stairs. The building also offers separate electric meters and laundry rough-ins, creating additional operational and income potential. Also included in the sale is the private parking lot directly across the street, providing dedicated off-street parking for tenants and possible future development potential, subject to local approvals. With existing income, the majority of the renovations already completed, multiple vacant units positioned for completion and lease-up, and an additional parcel included, this property offers several ways for an investor to increase revenue and build long-term value.

Location

State MD

County Allegany

Area Se Allegany - Allegany County (Mdal11)

Zoning R-L

Interior

Hot Water Natural Gas

Heating Baseboard - Electric

Cooling None

Heat Source Electric

Exterior

Garage Spaces 10.0

Water Access N

View City, Mountain

Accessibility None

Total Parking Spaces 10

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Allegany County Public Schools

Others

Tax ID 0122009206

Ownership Fee Simple

Acceptable Financing Conventional, Cash

Listing Terms Conventional, Cash

Financing Conventional,Cash

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

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Kyana Mosley

Kyana Mosley

REALTOR® | License ID: 633443

+1(301) 778-8774

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