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401 Ascension Street

Cumberland MD 21502

4
2082 sq. ft.
3446 sq. ft.
Duplex
Currently for sale - view listing

Overview

Vacant Brick Duplex in Prime Cumberland ? Investor's Dream or House Hacker's Gem! Discover an unparalleled opportunity in the heart of Cumberland, MD with this substantial, vacant brick duplex. Perfectly poised for a significant value-add transformation, this property is an ideal acquisition for seasoned investors seeking high ROI or savvy homebuyers aiming to achieve financial freedom through house hacking. It features two generously sized 2-bedroom, 1-bathroom units, each designed for tenant privacy with individual private entrances. Built for enduring stability, the robust brick construction promises longevity and reduced maintenance costs. Each unit is thoughtfully equipped with separate utility meters, ensuring efficient expense management and clear accountability. Significant upgrades include the majority of windows replaced with energy-efficient vinyl, enhancing comfort and reducing utility bills for future occupants. Ample storage is a distinct advantage, with tenants benefiting from access to a large attic and a full basement. This isn't just a property; it's a proven income generator awaiting your vision. While cosmetic updates ? including fresh paint, new flooring, and modern appliances ? will unlock its full splendor, the duplex boasts a strong rental history, previously commanding $800 per unit for a total monthly income of $1600. Imagine the amplified rental revenue achievable with strategic, personalized renovations! Furthermore, its significant potential for Section 8 tenancy offers a reliable and consistent income stream, providing peace of mind for landlords. Location is paramount, and this Cumberland duplex delivers. Enjoy the convenience of easy walking distance to essential amenities like grocery stores, diverse restaurants, and gas stations, guaranteeing a high quality of life for your future tenants. Seamless commuting and regional access are further enhanced by its close proximity to the nearest highway exit. Whether you're expanding your portfolio or embarking on a smart homeownership journey, this duplex represents an exceptional value proposition in a highly sought-after location. Don't miss your chance to capitalize on this incredible opportunity ? be sure to explore the detailed walk-through video to fully grasp the immense potential that awaits!

Features

4 bedrooms
2082 sq. ft. floor area
3446 sq. ft. lot size
Duplex

Property history for 401 Ascension Street

2023
Sold
$92,500
26 May 2023 by B. Denise Delawder, of Coldwell Banker Realty

Happy sellers in Cumberland

90%
90% of sellers in Cumberland reported that their sale price either exceeded or met their price expectations.

Cumberland stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 33 reviews in Cumberland over the last 12 months.

Local market activity for 4 bedroom duplexes in Cumberland

In the last 12 months, 8 four-bedroom duplexes similar to 401 Ascension Street, have been sold.

This represents a 40% decrease in four-bedroom duplexes sales when compared to the previous 12 months.

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