Bought with Jean Paul Viera • Fishtown Real Estate, LLC
$635,000
$650,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
2150 E CUMBERLAND ST Philadelphia, PA 19125
1,541 Sqft Lot
Key Details
Sold Price $635,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PAPH1012538
Sold Date 07/23/21
HOA Y/N N
Year Built 1915
Annual Tax Amount $3,935
Tax Year 2021
Lot Size 1,541 Sqft
Acres 0.04
Lot Dimensions 16.22 x 95.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Welcome to 2150 East Cumberland! This five-unit building has two studio apartments, two efficiency apartments and one traditional one bedroom, one bath apartment. Currently the property has a gross rent roll of $52,500 per year with a Cap Rate of 5.73%. There is completely new exterior stucco that was done in 2019/2020 and all units have been completely renovated over the past three years. Knowing that it is currently under rented, this building has huge potential for investors. This beautiful, modern-style five-unit building is in a prime location just minutes from Philadelphia Brewing Company, Memphis Tap, Pizza Brain, Martha, Atlantis, Hello Donuts and Moonraker (a new coffee roaster)! Everything that Fishtown and Northern Liberties has to offer is a five-minute ride away!
Location
State PA
County Philadelphia
Area 19125 (19125)
Zoning RSA5
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 314010500
Ownership Fee Simple
Special Listing Condition Standard
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