For more information on this property, contact Brett Furman at 610-687-6060 or brett@brettfurman.com

122 E Hortter Street
Philadelphia, Pennsylvania PA 19119-2206
Price: $10,906,000
Listing ID PAPH2071560
Status ACTIVE
SqFt 57,000
Acres 0.870
Year Built 2024

Property Description:

Introducing Mount Airy Mews: a private community of 19 new construction rental homes in the coveted Mount Airy section of Northwest Philadelphia. Each home is optimally designed with 1-car garage, 3bd x 3ba layout, finished basement, rooftop terrace and grass rear yard. The location is walkable to historic Germantown Avenue's plentiful amenities, shops, restaurants and cafes. The demand for high quality housing in Mount Airy is surging, with virtually no new construction townhomes available to rent or buy. Build-for-rent single family housing is the fastest growing asset class in the USA for 2022. Limited opportunities exist to acquire trophy, suburban styled new construction residential communities in Philadelphia. Full 10 year tax abatement. Enquire within for pro forma financials. Property to be sold upon completion in 2024. Easy access into Downtown Philly and University City and major suburban employment districts in Greater Philadelphia, as well as parks and popular outdoor amenities.

Primary Features

County: Philadelphia
Price/SqFt: 191.33
Property Sub Type: Other
Property Type: Multi Family
Subdivision: MT AIRY
Year Built: 2024
Zoning: RSA5

Interior

Basement: yes
Basement Type: Partially Finished
Central Air: yes
Cooling Type: Central A/C
Flooring Type: Hardwood
Heating: yes
Heating Type: Central
Living Area SqFt Source: Estimated
Total SqFt: 57000
Total SqFt Source: Estimated

External

Architectural Style: Contemporary
Building Units Total: 1
Construction Completed: no
Construction Materials: Brick
Cooling Fuel: Natural Gas
Foundation Details: Concrete Perimeter
Garage: yes
Garage Features: Garage - Front Entry
Garage Spaces Count: 19
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Lot Dimensions Source: Estimated
Lot Size Dimensions: 30.50 x 342.75
Lot Size Source: Estimated
Lot Size Units: Square Feet
New Construction: yes
Number of Attached Garage Spaces: 19
Other Structures: Above Grade
Parking Features: Private, Paved Parking, Surface
Parking Lot Number of Spaces: 5
Pool: No Pool
Roof: Fiberglass
Sewer Septic: Public Sewer
Tidal Water: no
Total Garage and Parking Spaces: 24
Type of Parking: Parking Lot, Attached Garage
Water Access: no
Water Oriented: no
Water Source: Public
Water View: no

Location

Country: US
Location Type: Urban
MLS Area: 19119 (19119)
Municipality: PHILADELPHIA
School District Name: THE SCHOOL DISTRICT OF PHILADELPHIA
School District Source: Listing Agent
View Type: City
Waterfront: no

Additional

Accessibility Features: None
Days on Market: 697
Historic: no
Land Use Code: SR
Property Condition: Excellent
Property Sub Type: Other
Year Assessed: 2021
Year Built Source: Estimated

Financial

Automatically Update Tax Values: no
Cap Rate: 6
Ground Rent Exists: no
Ownership Interest: Fee Simple
Possession: Settlement
Rent Control: no
Riparian Rights: no
Sale Type: Standard
Tax Annual Amount: 4143
Tax Assessed Value: 296000
Tax Lot: 118
Tax Year: 2023
Total Actual Rent: 798000
Vacation Rental: no

Zoning Info


Listing courtesy of Compass RE (267) 448-3744

© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Compass RE. Data last updated on Thursday, March 28th, 2024 03:43:37 PM.

Contact - Listing ID PAPH2071560

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Brett Furman

528 East Lancaster Avenue
St. Davids, PA 19087
Phone: 610-687-6060
Phone Alt: 610-687-6060

Data services provided by IDX Broker
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