122 E Hortter St, Philadelphia, Pa

$10,906,000

Price

6%

Cap Rate

57,000 sqft

Building Size

Overview
Cap Rate
6%
Building Size
57,000 sqft
Year Built
2022
Price Per Sqft
$191.33
Zoning
RSA5
Roof
Fiberglass
Description

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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.

Highlights
  • Days on Market: 832
  • Parking Features: Private, Paved Parking, Surface
  • Heating: Central

Location
Gallery