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30 E Rittenhouse St

Philadelphia PA 19144

8
0.24 ac.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

8 carspaces
0.24 ac. lot size
Multi-Family

Property history for 30 E Rittenhouse St

2018
Sold
$50,000
31 Aug 2018 by Tahzib Bacchus, of Realty Mark Associates

Happy sellers in Philadelphia

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We have insufficient information to provide an overview of customer satisfaction for Philadelphia. Viewing the agent profiles, reviews and sales for Philadelphia can provide insights for this location.

Local market activity for multi families in Philadelphia

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Sales:
(619) 566-0008
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