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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.
| DAYS ON MARKET | 46 | LAST UPDATED | 10/7/2024 |
|---|---|---|---|
| TRACT | GERMANTOWN | YEAR BUILT | 2024 |
| COMMUNITY | 19144 (19144) | COUNTY | PHILADELPHIA |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 19144 (19144) |
| CONSTRUCTION | Brick, Frame, Vinyl Siding |
| HEAT | Central |
| LOT DESCRIPTION | Irregular Lot |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | GERMANTOWN |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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