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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!

Source: BRIGHT MLS, MLS#: PALN2023054

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  • Property Type
    Commercial Sale
  • Lot
    0.27 acres

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 122 CUMBERLAND STREET

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
3/6/2026Source: BRIGHT MLS Price Reduction
$370,900 -1.3%
3/3/2026Source: BRIGHT MLS Price Reduction
$375,900 -1.1%
1/26/2026Source: BRIGHT MLS Price Reduction
$379,900 -5.0%
11/13/2025Source: BRIGHT MLS Price Reduction
$399,900 -13.1%
9/28/2025Source: BRIGHT MLS Status Change
ACTIVE
9/26/2025Source: BRIGHT MLS Added to Database
September 26, 2025
12/3/2024Source: BRIGHT MLS Added to Database
August 10, 2021
Listing provided courtesy of Manor West Realty- MLS# PALN2023054MLS ProviderContact Information: [email protected] - 7172908182