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715 W Cumberland St
Philadelphia, PA 19133
715-717 W Cumberland St · Land For Sale · 0.05 AC

Investment Highlights

  • 16 shovel- ready one-bedroom apartments
  • Estimated rent of $1,122 per unit, the property boasts a strong annual rental income of $215,424
  • All necessary permits, approvals, and infrastructure in place for immediate construction.

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 0.05 AC
Zoning RM-1 - Residential Multi-Family-1

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.

  • Listing ID: 28411190

  • Date on Market: 5/5/2023

  • Last Updated:

  • Address: 715 W Cumberland St, Philadelphia, PA 19133

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