New Construction
Address
30 E Rittenhouse Street Philadelphia, PA
Price
$ 4,500,000
Property Attributes
  • MLS#PAPH2027484
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19144
  • NeighborhoodGermantown
  • Zip19144
  • StyleContemporary
  • Year Built2021
  • Taxes$ 1131
  • Price$ 4,500,000
  • Bedrooms30
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10,454 SqFt
Listing Provided Courtesy Of:
Compass Pennsylvania, LLC
Data Source:
Bright MLS - 382 - MD
Property Description

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.

Price History
9/29/2021 Listed $4,500,000

General Features

Accessibility None
Architectural Style Contemporary
Construction Completed Y/N No
Construction Materials Masonry
Cool Fuel Natural Gas
Cooling Central A/C
County PHILADELPHIA
Days on Market 61
Garage Spaces 8.00
Garage Y/N Yes
Heating Central
Location Type Suburban
Lot Size Square Feet 10413.00
MLS Area 19144 (19144)
Municipality PHILADELPHIA
New Construction Yes
Other Structures Above Grade
Ownership Fee Simple
Pool Y/N No Pool
Possession Immediate
Price Per Sq Ft 250.0
Property SubType Other
Property Type Multi-Family
PropertyCondition Excellent
School District THE SCHOOL DISTRICT OF PHILADELPHIA
School District 300200397108
Sewer Public Sewer
Structure Type Detached
Subdivision Name GERMANTOWN
Tax Annual Amount 1131.0
Tax Lot 255
Tax Year 2021
Total Units 4
Vacation Rental Y/N No
Water Access Y/N No
Zoning CMX2.5

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Living Area 18000
Three Bedroom Units Count 10

Exterior Features

# Of Assigned Spaces 8
# Of Attached Garage Spaces 8
Foundation Details Slab
Garage Features Covered Parking, Garage - Rear Entry, Inside Access, Built In
Lot Dimensions 56.00 x 192.00
Lot Size Acres 0.24
Lot Size Source Assessor
Navigable Water Y/N No
Parking Features Assigned, Private, Shared Driveway, Under Home Parking
Total Parking Spaces 8
Type of Parking Attached Garage
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19144

Price
AVG $860K
$4.5M
Taxes
AVG $1,985
$1,131
Visits
AVG 57
133
Year Built
AVG 1926
2021

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