32 E RITTENHOUSE ST, Philadelphia, PA 19144 - MLS#PAPH2407012

Philadelphia, PA 19144,32 E RITTENHOUSE ST

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Doug Strickland

doug@residentialguru.com +1(610) 724-3801

$4,350,000

Est. payment - /mo

18,000 SqFt

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UPDATED:

10/07/2024 06:46 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 18,000 sqft

Price per Sqft $241

Subdivision Germantown

MLS Listing ID PAPH2407012

Originating Board BRIGHT

Year Built 2024

Tax Year 2024

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 - private garage parking. Build to rent residential property has become the fastest growing asset class for investors in the country as consumer preferences have adjusted in 2024 for homes with more space, outdoor environs, and suburban style. 32 Rittenhouse is one of the last investment properties in Philly to deliver a full 10 year tax abatement, meaning taxes are paid on the assessed value of the land rather than the improvements (10 townhomes). Located in a Top-10 USA MSA, this northwestern submarket is primed for rent growth and appreciation as lifestyle tastes shift outward from the urban core. 32 Rittenhouse is Part 2 of 2 in a mixed-use new development. Phase 1 has been sold. Capture Opportunity Zone benefits with the acquisition of this prime Philly real estate.

Location

State PA

County Philadelphia

Area 19144 (19144)

Zoning RSA5

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Flooring Luxury Vinyl Plank

Heat Source Central

Exterior

Garage Spaces 10.0

Waterfront N

Water Access N

View City

Roof Type Fiberglass

Accessibility None

Parking Type Private Garage

Total Parking Spaces 10

Garage N

Building

Lot Description Irregular

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction Y

Schools

School District The School District Of Philadelphia

Others

Tax ID NO TAX RECORD

Ownership Condominium

Special Listing Condition Standard

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Listed by Ryan J McManus • Keller Williams Liberty Place

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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