1918 E Cumberland St Philadelphia, PA 19125

This portfolio includes three buildings with a total of 22 units. The properties consist of two identical 8-unit buildings constructed five years ago and a 6-unit building constructed two years ago. The total gross annual rental income is $405,540. The buildings at 1918-20 E Cumberland and 1917-1921 E Letterly St. are each 7,200 square feet and have five years of full tax abatement remaining, with annual taxes currently based only on land value. Expenses include taxes, rental licenses, private trash removal, fire suppression, common area cleaning, whole house electric meter, and insurance. The apartments include 1, 2, and 3-bedroom units, each with a bathroom for every bedroom. The 3-bedroom units have 3 bathrooms, the 2-bedroom units have 2 bathrooms, and the 1-bedroom units have 1 bathroom. Each unit features oversized windows, hardwood floors, custom-made cabinets, and private, in-unit laundry facilities. The buildings are all-electric. Tenants are billed for electricity and water, and renewals will be billed for private trash removal. Each unit was hard-wired for cable during construction. The property is located in East Kensington, bordering Olde Richmond, Fishtown, and Norris Square. The neighborhood offers amenities such as curated vintage stores, boutiques, wellness and fitness studios, salons, restaurants, bars, breweries, and coffee shops. Proximity to the Market-Frankford line, bus lines, and I-95 facilitates transportation.