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22 E Rittenhouse Street

PHILADELPHIA, PA 19144
  • $1,620,000
  • STATUS: Active
  • ON SITE: 62 Days
  • ID#: PAPH2027482
$1,620,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2021
County:

School Ratings & Info

Description

Pre-CO QOZ (Opportunity Zone) 6-unit multifamily investment property in the blossoming community of Germantown in Philadelphia, Pennsylvania. Located right off the quaint cobbles of historic Germantown Avenue loaded with shops, restaurants and amenities and adjacent to Vernon Park, this boutique new construction apartment building is optimally designed with spacious units, maximum natural light, dedicated outdoor spaces and the ultimate urban luxury - parking. There are 4 parking spaces accessed via drive aisle. There are three (3) 1bd x 1ba apartments, two (2) 2bd x 2ba apartments and one (1) 3bd x 2ba apartment. The Property delivers a 6.31% pro forma cap rate. This is one of the last buildings in Philly to deliver a full 10 year tax abatement. This northwestern submarket is primed for rent growth and appreciation as lifestyle tastes shift outward from the urban core. 22 Rittenhouse is Phase 1 of 2 in a mixed-use new development. Phase 2 includes ten (10) townhouses with parking which are optionally available.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-30T23:49:52.913.
www.locomusings.com/homes/121903538
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22 E Rittenhouse Street PHILADELPHIA, PA 19144

  • Price: $1,620,000
  • Status: Active
  • On Site: 62 Days
  • ID#: PAPH2027482
0
Beds
0
Baths
0
½ Baths
0.06
Acres
2021
Built
Neighborhood:
Germantown
County:
Philadelphia
Area:
19144 (19144)
School District:
The School District Of Philadelphia
Property Description
Pre-CO QOZ (Opportunity Zone) 6-unit multifamily investment property in the blossoming community of Germantown in Philadelphia, Pennsylvania. Located right off the quaint cobbles of historic Germantown Avenue loaded with shops, restaurants and amenities and adjacent to Vernon Park, this boutique new construction apartment building is optimally designed with spacious units, maximum natural light, dedicated outdoor spaces and the ultimate urban luxury - parking. There are 4 parking spaces accessed via drive aisle. There are three (3) 1bd x 1ba apartments, two (2) 2bd x 2ba apartments and one (1) 3bd x 2ba apartment. The Property delivers a 6.31% pro forma cap rate. This is one of the last buildings in Philly to deliver a full 10 year tax abatement. This northwestern submarket is primed for rent growth and appreciation as lifestyle tastes shift outward from the urban core. 22 Rittenhouse is Phase 1 of 2 in a mixed-use new development. Phase 2 includes ten (10) townhouses with parking which are optionally available.
Exterior Features

Construction Materials Masonry Garage YN No Location Type Suburban Parking Features PrivateHandicap Parking Parking Types Private Garage Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 6535.00 Cooling Central A/C Heating Ceiling Heating YN Yes Net Square Feet 6535.00

Property Features

Accessibility Features None Assessment Year 2021 Business Type Apartment Building Central Air YN Yes Construction Completed YN No Cooling Fuel Natural Gas Foundation Details Slab Heating Fuel Natural Gas Hot Water Natural Gas Municipality Philadelphia Navigable Water YN N New Construction YN Yes Number Of Units Total 6 Original MLSNumber 801015013592 Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 265.00 Tax Assessment Amount 18900.00 Tax Lot 31 Vacation Rental YN No Water Source Public Zoning Rsa3

Listing courtesy of Compass Pennsylvania, Llc.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-30T23:49:52.913.
 
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