22 E RITTENHOUSE STREET

PHILADELPHIA, PA, 19144

$1,520,000

$232 per ft²
$1,520,000
$232 per ft²
Sold
Sold
carpenters-square
6,535 ft²
property_type
Multi-family
calendar
Built 2021
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.
MLS® ID:
PAPH2027472
Updated:
9/26/22

Interior Features

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

Exterior/Building Features

Lot Size
2,443 ft² lot
Architectural Style
Contemporary
Sewer
Public Sewer

School Information

School District
THE SCHOOL DISTRICT OF PHILADELPHIA

Other Property Details

Area Name
19144 (19144)
Taxes
$265.00
Tax Frequency
per YEAR
Garage
Yes
Garage Spaces
4
Parking
Assigned, Handicap Parking, On-site - Rent, Private
View
N
County
PHILADELPHIA
Water Source
Public
Pool
No
Zoning
RSA3

Property History

Date
Event
Price
Value
3/21/22
Sold
-
-
3/21/22
Price Change
$1,520,000
-6%
1/4/22
Pending
-
-
12/10/21
Active Under Contract
-
-
Contact