$165,000

116 VIRGINIA AVENUE, Cumberland, MD 21502

  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1936
  • Property Lot Size Icon1,307sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

IMPROVED PRICE! 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.

Listing Status:
Active
Date Added:
February 10, 2025 at 06:00AM
Listing Office:
EXP Realty, LLC : 8888607369
Listing Agent:
Pamela A Terry : 3016971442
MLS ID:
MDAL2010938
  • Flooring: CarpetTile/BrickVinyl
  • A/C: Ceiling Fan(s)
  • Heating: YForced AirNatural Gas
  • Disability Feature: None

This listing courtesy of Pamela A Terry, EXP Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

South Penn Elementary School

500 E Second St, Cumberland, MD, 21502

Grades PK-5

0.32 miles away

W

Washington Middle School

200 N Massachusetts Ave, Cumberland, MD, 21502

Grades 6-8

0.88 miles away

F

Fort Hill High School

500 Greenway Ave, Cumberland, MD, 21502

Grades 9-12

0.90 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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