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122 Cumberland St
For Sale $399,900
$399,900
- 0 Units
- Unknown Sq Ft
- 11,761 Sq Ft
- Unknown Cap Rate
Description
Build your own investment. This investor special is ready to be put together. This project has an approved plan for 6-2 bedroom units. !!!!Just updated to 9-2 bedroom units!!!! Each unit is spec’ed at having a washer and dryer hookup along with air conditioning. These will be top of the market brand new rentals achieving top rents. Proforma was based on current middle rents.
9 units @$1,400 per month = $151,200 per year minus trash, estimated taxes & misc =$141,900
9% cap rate = $1,577,000 value
$400,000-$450,000 estimated construction costs to get there
$1,577,000 minus $450,000 construction costs minus purchase price= instant equity!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $399,900 |
| Property Type | Multi-Family |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1945 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 0423410393695250000 |
| MLS # | PALN2023054 |
| Property ID | 295044878 |
| Lot Sqft | 11,761 |
| Zoning | COMMERCIAL |
| Days on Market | 87 |
| Original List Price | Unknown |
| Date Updated | December 12, 2025 |
| Date Created | September 28, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Jonathan Gordon an agent of Manor West Realty. Lic #AB067402
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Data last updated: December 24, 2025.
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Robert Crawford
REAL ESTATE AGENT