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:
3/29/23
Compass
Main Line Fine Homes
Office: (610) 822-3356Email: kathy.gubernick@compass.com

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
Sub Agency Compensation
0
Buyer Agency Compensation
2.5
Transaction Broker Compensation
0

Courtesy of Compass Pennsylvania, LLC, Ryan McManus

Listing Contact:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s), the owner of this website, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2023 BRIGHT MLS. All rights reserved.

Data last updated 11:22 PM UTC, 3/29/23

Compass
Main Line Fine Homes
Office: (610) 822-3356Email: kathy.gubernick@compass.com
Contact