122 E Hortter St - Apartments FOR SALE


Philadelphia, PA 19119- East Mount Airy
$11,400,000 USD
610-606-1095
122 E Hortter St, Philadelphia, PA for Sale
$11,400,000 USD
Apartments - FOR SALE
1/15
null | 6% Cap Rate

122 E Hortter St
Philadelphia, PA 19119
East Mount Airy


HIGHLIGHTS

  • PRIME RESIDENTIAL LOCATION
  • BRAND NEW CONSTRUCTION
  • SINGLE FAMILY RENTAL COMMUNITY

OVERVIEW

Single-family new development: Introducing the 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, finished basement, rooftop terrace. The location is walkable to Germantown Avenue's many 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 Q422. Easy access into Downtown Philly and University City and major suburban employment districts in Greater Philadelphia.

FOR SALE DETAILS

PRICE

$11,400,000 USD

PRICE/SF

$200 USD /SF

# OF UNITS

19

PRICE/UNIT

$600,000

CAP RATE

6%

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MOUNT AIRY MEWS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2026

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

RSA5

APN/PARCEL ID

881000885

ASK ABOUT THIS PROPERTY

Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

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Ryan McManusKeller Williams Liberty PlaceMore Info
610-606-1095

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.