2227 E Cumberland St - Office/Residential FOR SALE


Philadelphia, PA 19125- Kensington
$699,000 USD
267-243-9415
2227 E Cumberland St, Philadelphia, PA for Sale
$699,000 USD
Office/Residential - FOR SALE
1/40
null | 7.83% Cap Rate

2227 E Cumberland St
Philadelphia, PA 19125
Kensington


HIGHLIGHTS

  • Convenient location with very little history of vacancy

OVERVIEW

Welcome to 2227 E Cumberland St, a stunning multi-family, mixed-use property nestled in the vibrant heart of Philadelphia. This corner lot triplex boasts 2,400 square feet of meticulously renovated space, offering both modern comforts and classic architectural charm. Step inside to discover high ceilings and beautifully refinished hardwood floors that flow throughout each unit. The property features a total renovation, including a modernized kitchen and bath, ensuring a contemporary living experience. Each unit enjoys the convenience of a private entrance, central air conditioning, and heating, providing year-round comfort. Residents will appreciate the common courtyard, outdoor space, and patio, perfect for relaxing or socializing. The property also includes a full basement, offering ample storage or potential for additional living space. Street parking is available, and a security gate provides added peace of mind. Each unit is equipped with its own washer and dryer, enhancing the convenience of daily living. The walk-up design maintains the building's historic charm while providing easy access to each floor. Whether you're an investor seeking a lucrative opportunity or a homeowner looking for a versatile property, 2227 E Cumberland St offers a unique blend of residential and commercial potential in one of Philadelphia's most sought-after neighborhoods. Don't miss the chance to own this exceptional property that combines style, comfort, and practicality. 1st floor Commercial Lease expires 11/1/2025. Tenant has a 3-year option. Rent is $1856.00 2nd Floor Residential lease is MTM and pays $1585/ month. 3rd floor is being marketed at $1585/month. Tenants pay all utilities (water is $35/mo, built into rent).

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$259 USD /SF

CAP RATE

7.83%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

CMX1

APN/PARCEL ID

871143350

ASK ABOUT THIS PROPERTY

Joseph FonashCOMPASSMore Info
267-243-9415

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Joseph FonashCOMPASSMore Info
267-243-9415

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