1918-20 E Cumberland St, Philadelphia, PA 19125
- $1,475,000
- List Price
- $1,475,000
- Price Change
- ▼ $110,000 1781562614
- Days on Market
- 209
- Status
- ACTIVE
- MLS#
- PAPH2581540
- Lot Size (Acres)
- 0.06
- Year Built
- 2019
- County
- Philadelphia
- School District
- The School District Of Philadelphia
Property Description
One strong cash flowing opportunity. 1918 E. Cumberland is an 8-Unit multifamily building well positioned in East Kensington. Ideal for 1031 exchange buyers or investors looking to expand an established portfolio. The crisp white brick and corrugated white-and-black metal façade strikes the right balance in a neighborhood defined by its blend of residential streets and light industrial character. Completed in 2018, this building is fully stabilized and 100% occupied at market rents, delivering documented income from day one. This is not a lease-up story. There is no vacancy narrative to underwrite and no pro forma guesswork — just proven performance and predictable cash flow of $11,545 per month in gross income. The per-building unit mix includes four 3-bedroom, 3-bath units, two 2-bedroom, 2-bath units, and two 1-bedroom, 1-bath units. All residences feature in-unit washer/dryer, central air, and defined living/dining spaces — amenities that support strong tenant retention and long-term rent growth. Located steps from the Market-Frankford Line, Frankford Avenue, and the rapidly evolving Kensington Avenue corridor. All zoning, licenses, leases, and operating expenses are fully documented. Profit & Loss statements and supporting financials are available for qualified inquiries. Let Co-List Christian Fegel know what financial information your client needs, and we will promptly provide it. Consider bundling with its identical twin at 1917 E. Letterly (MLS # PAPH2583348) for a total of 16 units.
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Additional Information
- Area
- 19125 (19125)
- Building Name
- Melrows Place
- Taxes
- $2099
- Stories
- 4
- School District
- The School District Of Philadelphia
- Elementary School
- Henry A. Brown Academics Plus School
- Middle School
- Henry A. Brown Academics Plus School
- High School
- Penn Treaty
- Flooring
- Hardwood
- Heating
- Forced Air
- Heating Fuel
- Electric
- Cooling
- Central A/C
- Roof
- Flat
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Elfant Wissahickon Realtors. Contact: (215) 866-0050
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