1918-20 E CUMBERLAND STREET

PHILADELPHIA, PA 19125

Twin modern assets. One strategic opportunity. 1918 E. Cumberland and 1917 E. Letterly are two nearly identical 8-Unit multifamily buildings positioned back-to-back on a single long lot in East Kensington — available individually or together for investors seeking scale, stability, and architectural presence. The crisp white brick and corrugated white-and-black metal façade strikes the right balance in a neighborhood defined by its blend of residential streets and light industrial character. Completed in 2018, each building is fully stabilized and 100% occupied at market rents, delivering documented income from day one. This is not a lease-up story. There is no vacancy narrative to underwrite and no pro forma guesswork — just proven performance and predictable cash flow, ideal for 1031 exchange buyers or investors looking to expand an established portfolio. The buildings each generate approximately $12,000 per month in gross income and have a consistent operating history since completion. The per-building unit mix includes four 3-bedroom, 3-bath units, two 2-bedroom, 2-bath units, and two 1-bedroom, 1-bath units. All residences feature in-unit washer/dryer, central air, and defined living/dining spaces — amenities that support strong tenant retention and long-term rent growth. Located steps from the Market-Frankford Line, Frankford Avenue, and the rapidly evolving Kensington Avenue corridor. All zoning, licenses, leases, and operating expenses are fully documented. Profit & Loss statements and supporting financials are available for qualified inquiries. Let Co-List Christian Fegel know what financial information your client needs, and we will promptly provide it.

Listing courtesy of Elfant Wissahickon Realtors



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