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!
| Price: | $$675,000 |
| Address: | 2150 E Cumberland St |
| City: | Philadelphia |
| State: | PA |
| Zip Code: | 19125 |
