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Listing IDPAPH2063218
Price$10,906,000
SqFt
57,000
Acres
0.870
StatusACTIVE
CountyPhiladelphia
Year Built2022
Property TypeCommercial Sale
Property Sub TypeFive Or More Units
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.
County
Philadelphia
Price/SqFt
191.33
Property Sub Type
Five Or More Units
Property Type
Commercial Sale
Subdivision
MT AIRY
Year Built
2022
Zoning
RSA5
Building Total SqFt Source
Estimated
Central Air
yes
Cooling Type
Central A/C
Flooring Type
Hardwood
Heating
yes
Heating Type
Central
Building Units Total
19
Car Parking Spaces
24
Construction Completed
no
Construction Materials
Brick
Cooling Fuel
Natural Gas
Foundation Details
Concrete Perimeter
Heating Fuel
Natural Gas
Hot Water
Natural Gas
Lot Dimensions Source
Assessor
Lot Size Dimensions
30.50 x 342.75
Lot Size Source
Assessor
Lot Size Units
Square Feet
New Construction
yes
Parking Features
Private, Paved Parking, Surface
Roof
Fiberglass
Sewer Septic
Public Sewer
Tidal Water
no
Total Garage and Parking Spaces
24
Type of Parking
Parking Lot, Private Garage
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Country
US
Location Type
Urban
MLS Area
19119 (19119)
Municipality
PHILADELPHIA
Waterfront
no
Accessibility Features
None
Building Classification
Class A
Business Type
Other
Days on Market
697
Land Use Code
SR
Potential Tenancy
Multiple
Property Condition
Excellent
Property Use
Investment
Year Assessed
2023
Year Built Source
Estimated
Automatically Update Tax Values
yes
Cap Rate
6
Net SqFt
57000
Ownership Interest
Fee Simple
Possession
Settlement
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
4143
Tax Assessed Value
296000
Tax Data Updated
no
Tax Lot
118
Tax Opportunity Zone
N
Tax Year
2023
Vacation Rental
no
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 Wednesday, April 17th, 2024 11:52:29 PM.
© 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 Wednesday, April 17th, 2024 11:52:29 PM.
Contact - Listing ID PAPH2063218
John Luca
88 Lantana Dr.
Hockessin, DE 19707
Phone: 3029996966
Phone Alt: 3027405872
Data services provided by IDX Broker