121-127 W Cumberland St - Apartments FOR SALE


Philadelphia, PA 19133- North Philadelphia East
$2,300,000 USD
267-223-4202
121-127 W Cumberland St, Philadelphia, PA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/1
null | 7.29% Cap Rate

121-127 W Cumberland St
Philadelphia, PA 19133
North Philadelphia East


HIGHLIGHTS

  • 11 residential units
  • Projected 7.29% cap rate at asking price
  • Approximately $48,663 annual cash flow after debt service
  • Average rent of $1,609 per unit
  • Stabilized asset with consistent occupancy
  • Strong demand for family-sized workforce housing

OVERVIEW

Stabilized 11-unit multifamily asset located in North Philadelphia’s revitalizing Hartranft neighborhood. Offered at $2,300,000 ($209,091/unit), the property is projected to deliver a 7.29% cap rate with approximately $48,663 in annual cash flow after debt service. The building features a desirable unit mix of 9 two-bedroom and 2 three-bedroom units, averaging $1,609 in rent, and benefits from an efficient expense ratio of 20.9% of EGI. Totaling approximately 9,372 SF, the asset demonstrates consistent occupancy and strong demand for family-sized workforce housing. Proximity to public transit, employment centers, and ongoing neighborhood investment supports long-term rent growth and tenant demand.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

11

PRICE/UNIT

$209,091

CAP RATE

7.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cumberland Commons

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

-

APN/PARCEL ID

881426805

ASK ABOUT THIS PROPERTY

Craig ThomTrophy Commercial Real EstateMore Info
267-223-4202

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Craig ThomTrophy Commercial Real EstateMore Info
267-223-4202

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.