Property
Beds
3
Full Baths
2
1/2 Baths
None
Year Built
1940
Sq.Footage
2,232
Investor opportunity with endless potential! 119 Cumberland Street is a fully occupied 2-unit property offering immediate rental income with incredible future upside. The property currently consists of a spacious 2-bedroom first floor apartment and a 1-bedroom second floor apartment, both occupied with month-to-month leases. There is an additional 1 garage bay that is currently rented as well. Current rents are below market value, creating an excellent opportunity for increased cash flow over time. One of the most exciting features of this property is the massive unfinished third floor — untapped square footage with endless possibilities. Whether you are looking to expand living space, add additional bedrooms, create a larger owner's unit, or maximize future rental income, the potential is there for the right buyer willing to put in some sweat equity. This property could work well for a variety of buyers and investment strategies. House hackers may love the ability to live in one unit while collecting rent from the other and renovating the third floor over time. Investors can continue operating the property as-is while improving rents and exploring future value-add opportunities. Located along a major roadway with convenient access to shopping, dining, and local amenities, this property also offers the rare chance to purchase not just one, but two side-by-side investment properties, as 117 Cumberland Street is also currently available for sale. These properties are priced to sell and packed with potential. Reach out to the listing agent directly for lease information, income details, and additional property information.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
2
-
Above Grade Finished Area
2232.0
-
Basement YN
YES
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Main Level Bedrooms
2
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Stone
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.08
-
Lot Size(square feet)
3485.0
-
Property Type
Residential
-
Property Sub Type
Townhouse
-
Architectural Style
Traditional
Price
-
Sales Price
$189,900
-
Tax Amount
$2,365
-
Sq. Footage
2, 232
-
Price/SqFt
$85
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Stone
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
LEBANON
Elementary School
Middle School
High School
Listing Courtesy of SARAH LINGLE , EXP Realty, LLC
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Owner, President, Investment Property Advisor
Theresa Kehler
Call Theresa today to schedule a private showing.
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