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$692,094*
●
Multifamily -
Off Market
1901 E CUMBERLAND STREET
PHILADELPHIA, PA 19125
Studio
0 Bath
3400 Sqft
$428,000 - $522,000
Reference Base Price*
45.70%
Since Feb 1, 2020
National-US
Primary Model
About This Property
For sale is a unique and rarely offered opportunity in one of the
city's hottest areas...East Kensington! This corner lot is now
zoned CMX2 and is shovel ready (all plans are approved, just pull
the permits and build) for a 2 level commercial space with 2
bi-level apartments/condos above with individual roof decks. The
seller is willing to sell the plans for the price listed above, and
allow you to complete the construction (seller has architect,
builder, zoning attorney, and liquor attorney already in place and
familiar with the project if buyer would like to work with them).
Or, the seller is willing to build the structure and sell the
completed project for a different price (inquire with listing agent
for details). The seller has already presented to the East
Kensington Neighbors Association and gained their support of the
project. This area is a hotbed for residential development where
it's difficult to walk more than a block without seeing new
construction. This is a great opportunity for a savvy
investor/buyer to rent all 3 units (Airbnb is also an option),
condo out the residential units and sell them off, or operate the
commercial space and live in a unit above. Potential rents for the
2 bedroom units are $2,000/month each, with potential rent of
$4,500/month for the commercial space. Lots of upside here! Please
don't hesitate with any questions/inquiries.
The manager has listed the unit size as 3400 square feet.
The manager has listed the unit size as 3400 square feet.
Unit Size
3,400Ft²
Days on Market
-
Land Size
0.02 acres
Price per sqft
$140
Property Type
Multifamily
Property Taxes
$157
HOA Dues
-
Year Built
-
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Jan 21, 2020 | No longer available | - | |
No longer available | |||
Sep 27, 2019 | Price Decreased |
$475,000
↓ $20K
(4%)
|
|
Price Decreased | |||
Sep 7, 2019 | Price Decreased |
$495,000
↓ $54K
(9.8%)
|
|
Price Decreased | |||
Aug 4, 2019 | Price Decreased |
$549,000
↓ $46K
(7.7%)
|
|
Price Decreased | |||
Jun 19, 2019 | Listed | $595,000 | |
Listed |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
4
Beds
4
Baths
3,000 ft²
$142/ft²
$425,000
Apr 4, 2018
$425,000
Jul 6, 2018
-
Townhouse
3
Beds
3
Baths
2,400 ft²
$169/ft²
$405,000
Jul 1, 2019
$405,000
Aug 29, 2019
-
Townhouse
4
Beds
4
Baths
2,332 ft²
$182/ft²
$425,000
Aug 13, 2019
$425,000
Nov 4, 2019
-
Townhouse
3
Beds
2
Baths
2,200 ft²
$191/ft²
$421,000
Aug 23, 2018
$421,000
Jan 17, 2019
-
Townhouse
4
Beds
4
Baths
2,141 ft²
$245/ft²
$524,900
Apr 13, 2023
$524,900
Jun 16, 2023
-
House
3
Beds
3
Baths
1,920 ft²
$234/ft²
$450,000
May 16, 2023
$450,000
Jul 7, 2023
-
Active
Townhouse
4
Beds
4
Baths
2,600 ft²
$182/ft²
$473,900
Sep 12, 2023
-
-
In Contract
Townhouse
6
Beds
5
Baths
2,800 ft²
$196/ft²
$549,999
Sep 29, 2023
-
-
Active
Townhouse
3
Beds
4
Baths
2,350 ft²
$179/ft²
$419,900
Sep 16, 2023
-
$120/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
01/21/2022
|
|
Loft
|
-
|
-
|
$425,000
Loft
-
|
-
-
|
-
|
Jack Kanagie
RE/MAX One Realty
|
08/18/2020
|
|
Loft
|
-
|
-
|
$425,000
Loft
-
|
-
-
|
-
|
Nigel Richards
Compass Pennsylvania, LLC
|
01/28/2020
|
|
Studio
|
-
|
-
|
$549,900
Studio
-
|
-
-
|
-
|
-
|
06/19/2019
|
|
Studio
|
-
|
3400 ft²
|
$595,000
Studio
-
3400 ft²
|
-
-
|
-
|
-
|
Building Info
1901 East Cumberland Street
1901 East Cumberland Street, Philadelphia, PA 19125
- 1 Unit for Sale
About North Philadelphia
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