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Cumberland Commons 121-127 W Cumberland St 11 Unit Apartment Building $3,207,350 CAD ($291,577 CAD/Unit) 7.29% Cap Rate Philadelphia, PA 19133
Investment Highlights
- 11 residential units
- Approximately $48,663 annual cash flow after debt service
- Stabilized asset with consistent occupancy
- Projected 7.29% cap rate at asking price
- Average rent of $1,609 per unit
- Strong demand for family-sized workforce housing
Executive Summary
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.
Property Facts
| Price | $3,207,350 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $291,577 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 7.29% | Building Size | 9,372 SF |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $3,207,350 CAD |
| Price Per Unit | $291,577 CAD |
| Sale Type | Investment |
| Cap Rate | 7.29% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 9,372 SF |
| No. Stories | 3 |
| Year Built | 2020 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Island Kitchen
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
| 3+2 | 2 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 881426805 | Improvements Assessment | $2,127,937 CAD |
| Land Assessment | $236,437 CAD | Total Assessment | $2,364,375 CAD |
Property Taxes
Parcel Number
881426805
Land Assessment
$236,437 CAD
Improvements Assessment
$2,127,937 CAD
Total Assessment
$2,364,375 CAD
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Cumberland Commons | 121-127 W Cumberland St
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