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Backup Offers

802-804 Gephart Dr, Cumberland, MD, 21502

$385,000

Home List Price

$4,572*

Closing Credit

0 Baths
11,352 SqFt
$34/SqFt
House
Schools Nearby

Location

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802-804 Gephart Dr, Cumberland$385,000

Buyer Closing Credits

$4,572*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingPublic, On Street
Year Built1922
HeatingBaseboard, Radiant
MLS #MDAL2005782
Lot Size0.10 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 802-804 Gephart Dr

Welcome to 802-804 Gephart Drive! If you have been looking for a great low- maintenance investment property generating great monthly income- look no further! This 8-unit apartment building is halfway leased with #5 tenant moving in this month. The 3 vacant units are ready to be moved in! Each unit has electrical updates as well as separate water meters in the basement so that all utilities are directly in the tenants name! The 3 bedroom units have an electric heat pump and the 1 bedroom units have gas heat and stoves. Recent upgrades to the property include a new roof, new windows, new plumbing fixtures, and new hot water heaters. Lots of character to be found including pocket doors in many units and and porches on the top two units. On street parking in the front of the property but more on street parking to be found in the rear of the building with an entrance to the building from the rear as well. Close to I-68 entrance and located in between Cumberland and LaVale, making this a very convenient location! Current month income with 5 units is $4,200 and fully rented would be $6,500 with current 1 year leases. Run the numbers and then run to get a showing before someone else starts making passive income on this property!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1922
  • Living Area: 11,352 SqFt

Listing Office:

  • Office Name: Mountainside Home Realty
  • Office Phone: (301) 722-0190
  • Listing Agent: Joyanna Marie Ellsworth

Interior Features

Interior Information:

  • Flooring Type: Hardwood, Vinyl

Exterior Features

Parking Information:

  • Parking: Public, On Street

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Radiant

School Info

Assigned Schools Information:

  • Allegany High School, Public District Grades 9-12
  • Braddock Middle School, Public District Grades 6-8
  • West Side Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Coming from Cumberland, take a left and the stoplight on green street by the flower business. Building will be straight ahead. Off street parking in front and back of building.

Municipality:

  • Cumberland

Price Information

Listing Price Info

Price Summary:

  • List Price: $385,000
  • Price Per SqFt: $34/SqFt
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Housing Market Comparison

See how this home compares to others in Cumberland, MD.

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Cumberland, MD

City

Med. Sold Price

$134.3K

Med. Price/SqFt

$92

Avg. Days On Market

65

# of Sold Homes

27

802-804 Gephart Dr vs Cumberland

381 DAYS ON ROCKET

+316 Days

$385,000

+$250.6K More

$34/SqFt

-$58 Less

KEY TAKEAWAY

This property is $250.6K more than the Median Sold Price and $58/SqFt less than other homes in Cumberland, MD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #MDAL2005782

Listing Office:

  • Office Name: Mountainside Home Realty
  • Office Phone: (301) 722-0190
  • Listing Agent: Joyanna Marie Ellsworth

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/25/2024, 8:20:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,989

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,221

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-207400
5
/10

  • West Side Elementary School

  • 425 Paca St

  • 0.81 miles

  • Public District Grades PK-5

Middle School

school-card-donut-207401
6
/10

  • Braddock Middle School

  • 909 Holland St

  • 1.76 miles

  • Public District Grades 6-8

High School

school-card-donut-207402
5
/10

  • Allegany High School

  • 616 Sedgwick St

  • 1.07 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,553. Typical income of Cumberland, MD residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 802-804 Gephart Dr

What is the listing price of this property?

The listing price of 802-804 Gephart Dr property is $385,000.

What type of property is this?

The property 802-804 Gephart Dr is a house located in Cumberland, Maryland, 21502.

Is this property for sale now?

Accepting Backup Offers: 802-804 Gephart Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 802-804 Gephart Dr are:
West Side Elementary School: GreatSchools Rating 5/10
Braddock Middle School: GreatSchools Rating 6/10
Allegany High School: GreatSchools Rating 5/10

What is the square footage of this property?

The property 802-804 Gephart Dr is 11,352 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 802-804 Gephart Dr is 1922.

Rocket Homes›Maryland›Allegany County›Cumberland›21502›802-804 Gephart Dr

This home is located at 802-804 Gephart Dr in Cumberland, MD and zip code 21502. This 11,352 square foot home, which was built in 1922, sits on a 0.10 acre lot. It has been listed on Rocket Homes since April 10, 2023 and is currently priced at $385,000.

While more than 6 listings in Cumberland, MD in March 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 20 were sold below. Between February 2024 and March 2024, Cumberland, MD real estate market has seen increase in the number of listings by 4.9%. The median list price of listings available in March 2024 was $134,375, while the average time on the real estate market was 65 days.

From Rocket Homes Real Estate and based on county public records data.

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