Skip To Content

    2150 E Cumberland Street

    PHILADELPHIA, PA 19125
    • $650,000
    • STATUS: Active Under Contract
    • ON SITE: 55 days
    • ID#: PAPH1012538
    Under Contract
    UPDATED: 21 min ago
    $650,000
    • 0
      BEDS
    • 0.04
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1915
    County:

    School Ratings & Info

    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!

    Monthly Payment Calculator



    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty, LLC. 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. Data last updated: 2021-06-25T07:52:51.117.
    www.searchmontgomerybuckshomes.com/homes/116632758
    Print Image

    2150 E Cumberland Street PHILADELPHIA, PA 19125

    • Price: $650,000
    • Status: Active Under Contract
    • Updated: 21 min ago
    • ID#: PAPH1012538
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.04
    Acres
    1915
    Built
    Neighborhood:
    19125 (19125)
    County:
    Philadelphia
    Area:
    19125 (19125)
    School District:
    The School District Of Philadelphia
    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!
    Exterior Features

    Construction Materials Masonry Garage YN No Parking Types None Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 2154.00 Cooling None Exclusions All Tenant Personal Property Heating Baseboard - Electric Heating YN Yes Net Square Feet 2154.00

    Property Features

    Accessibility Features None Assessment Year 2021 Association YN No Business Type Apartment Building Central Air YN No Cooling Fuel None Gross Income 52500.00 Heating Fuel Electric Hot Water Electric Municipality Philadelphia Navigable Water YN N Net Operating Income 3860.00 New Construction YN No Number Of Units Total 5 Operating Expense 11215.00 Original MLSNumber 304584744090 Owner Pays Water Ownership Interest Fee Simple Possession Immediate0-30 Days Cd31-60 Days Cd Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 3935.00 Tax Assessment Amount 281100.00 Tax Lot 172 Vacation Rental YN No Water Source Public Year Built Effective 2019 Zoning Rsa5

    Listing courtesy of Coldwell Banker Realty - Old City.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty, LLC. 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. Data last updated: 2021-06-25T07:52:51.117.
     
    https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304584744090-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304584744090-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_304584744090-2.jpg
    Logo
    eXp Realty, LLC
    1848 N Hancock Street Fl #C
    Philadelphia PA, 19122