Philadelphia, PA 19133,715-717 W CUMBERLAND ST
Philadelphia, PA 19133,715-717 W CUMBERLAND ST
Philadelphia, PA 19133,715-717 W CUMBERLAND ST
Philadelphia, PA 19133,715-717 W CUMBERLAND ST
Philadelphia, PA 19133,715-717 W CUMBERLAND ST
Philadelphia, PA 19133,715-717 W CUMBERLAND ST
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$300,000

$319,000

6.0%
Est.Price: ?

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Est. payment /mo

1,031 Sqft Lot


SOLD DATE : 11/05/2023

Key Details

Sold Price $300,000

Property Type Vacant Land

Sub Type Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PAPH2220672

Sold Date 11/05/23

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $195

Tax Year 2021

Lot Size 1,031 Sqft

Acres 0.02

Property Description

The Cumberland St property comprises 16 shovel- ready one-bedroom apartments, perfectly situated in
the growing Temple town neighborhood just outside Temple University’s campus. Its prime location offers
easy access to various amenities, making it an ideal residence for students, young professionals, and small families alike.

Each apartment is designed with modern amenities, ensuring residents experience a comfortable and convenient lifestyle. At an estimated rent of $1,122 per unit, the property boasts a strong annual rental
income of $215,424, making it a highly attractive investment opportunity for potential landlords.

The project is fully shovel-ready, with all necessary permits, approvals, and infrastructure in place for immediate construction. Thanks to the site’s easy accessibility and favorable topography, the construction process is expected to be smooth and hassle-free.

The building’s architecture is both stylish and modern, utilizing the latest building techniques and materials to ensure structural safety and longevity. Additionally, the design maximizes natural light and ventilation, creating a bright and airy atmosphere that enhances the living experience.

For investors looking to add a stable and reliable income stream to their portfolio, 715-717 Cumberland St presents an excellent investment opportunity. With its prime location, modern amenities, and easy rental potential, the property is sure to attract tenants quickly and generate a healthy return on investment.

Location

State PA

County Philadelphia

Area 19133 (19133)

Zoning RM1

Exterior

Waterfront N

Water Access N

Garage N

Building

Sewer Public Sewer

Water Public

Schools

School District The School District Of Philadelphia

Others

Tax ID 371383301

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by ERIC Andrew Dvotsky • BHHS Fox & Roach-Center City Walnut
Bought with Marc Silver • Compass RE
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