Lonaconing MD Real Estate & Homes for Sale

Attention Investors! Check out this 7-unit Apartment Building with potential for great rental history. Building is being sold *AS IS* and most apartments are in need of rehabilitation. The building features two-1Bed/1Bath Apartments, four-2Bed/1Bath, and one 3-Bed/1Bath. Three of the 7 units are currently rented bringing in $1,500 a month--the owner lives in one of the apartments. Projected rent at the present rate on the vacant apartments is $525 per month totaling over $2,625 in monthly income (including current owner)! Possible projected rent would be $550 for the 1 bed apartments and $650 for the 2-bed apartments, and $750 for the 3-bed apartment. Total potential income would be $4,450 or $53,400 gross income yearly. Each apartment is separately metered for electric and heated with electric baseboard with the exception of apartment 7. Apartment 7 is gas heated and has had some updates. Water, sewer, & trash is an owner expense. Each unit has washer/dryer hookups. Unit 1 is ready to rent. Unit 5 is owner occupied and in need of updates. Units 6 & 7 are rented. Units 2, 3, and 4 are in need of trash removal and in need of major rehabilitation. The building is in the floodplain. If financing is needed, Erie estimated $8,000/year flood insurance.

Serene Mountain Living! This house on the hill is the perfect getaway! Featuring 3 bedrooms, 1 bathroom, main level laundry, spacious front porch, deck, and more! Enjoy beautiful mountain views, cool mountain air, and nature all around. Make your appointment today!

Build your dream home HERE! This wide open Lonaconing lot provides the perfect canvas for the home of your dreams! Public water & sewer, gas line, and electric available.

Large Commercial Building in the HEART of Lonaconing! The possibilities are endless! Spacious Main Level was used as a bar/restaurant space featuring Tile Floors, 2 Restrooms, & Large Deck. Lower Level was used as overflow dining. Upper Level is configured into a 2-3 Bedroom Apartment. ***Building sustained fire damage in April 2019. Property being sold As-IS*** Class D (Beer & Light Wines) License available for purchase along with building for additional fee to qualified and approved individuals. As-Is Sale! Most likely won't qualify for financing.

BUY NOW: CALL OFFICE TO MAKE AN OFFER! ATTENTION INVESTORS! Spacious +/-3,152 (total) SF Colonial located In Allegany County. Enjoy the Scenic Beauty of Western Maryland via the surrounding Mountains, Creeks, & Rivers. Experience a small-town feel in the quaint town of Lonaconing, while being only minutes to the countless attractions of Downtown Cumberland- with convenient access to Major Traffic Arteries, MD Route(s) 68 & 70.Property is vacant. See Below for more information. $7,500 Deposit. Please Visit Ashland Auctionâs website for more details. For full Terms and Conditions visit the auctioneer's website, or contact the auctioneerâs office.