22 E Rittenhouse St - Apartments FOR SALE


Philadelphia, PA 19144- East Germantown
$1,550,000 USD
610-606-1095
22 E Rittenhouse St, Philadelphia, PA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/41
null | Request Cap Rate

22 E Rittenhouse St
Philadelphia, PA 19144
East Germantown


HIGHLIGHTS

  • 10 YEAR TAX ABATEMENT
  • TURNKEY MULTIFAMILY
  • HIGH-GROWTH SUBMARKET
  • PRIVATE GARAGE PARKING

OVERVIEW

22 East Rittenhouse is a newly built, 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 turnkey boutique apartment building is optimally designed with spacious units, maximum natural light, dedicated outdoor spaces and the ultimate urban luxury — private garage parking. 10 year tax abatement through 2032. 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 soon to become available. Enquire within for financials.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

6

PRICE/UNIT

$258,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

RSA-3

APN/PARCEL ID

591100700,881206550

ASK ABOUT THIS PROPERTY

Ryan McManusAgent PHLMore Info
610-606-1095

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Ryan McManusAgent PHLMore Info
610-606-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.