30 E RITTENHOUSE STREET

PHILADELPHIA, PA, 19144

$4,500,000

$250 per ft²
$4,500,000
$250 per ft²
Active
Active
 - For Sale
carpenters-square
18,000 ft²
property_type
Commercial
calendar
Built 2021
Pre-CO QOZ (Opportunity Zone) 10-unit single family rental 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 residential community is purposefully built and optimally designed with 3bd x 2ba, 1800 SF townhomes with private roof decks and the ultimate urban luxury - parking. Build to rent property has become the fastest growing asset class for investors in the country as consumer preferences have adjusted in 2021 for homes with more space, outdoor environs, and suburban style. This is one of the last investment properties in Philly to deliver a full 10 year tax abatement. 7.48% cap rate. This northwestern submarket is primed for rent growth and appreciation as lifestyle tastes shift outward from the urban core. 30 Rittenhouse is Phase 2 of 2 in a mixed-use new development. Phase 1 includes six (6) apartments with parking which are also available.
MLS® ID:
PAPH2027576
Updated:
8/18/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C
Heating
Central

Exterior/Building Features

Lot Size
10,413 ft² lot
Sewer
Public Sewer

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19144 (19144)
Taxes
$1131.00
Tax Frequency
per YEAR
Garage
No
Parking
Private
View
N
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
CMX2.5

Courtesy of Compass Pennsylvania, LLC

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Data last updated 6:42 PM UTC, 8/18/22

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