Views - New Construction
Listed By:
Compass Pennsylvania, LLC
Address
122 E Hortter Street, Philadelphia, PA
Price
$ 10,906,000
Property Attributes
  • MLS#PAPH2071560
  • TypeMulti-Family
  • CountyPHILADELPHIA
  • CityPhiladelphia
  • Area19119
  • NeighborhoodMt Airy
  • Zip19119
  • StyleContemporary
  • Year Built2024
  • Taxes$ 4143
  • Price$ 10,906,000
  • Bedrooms57
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.87 Acres
Data Source:
Bright MLS
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.

Price History
1/24/2022 Listed $11,400,000
10/11/2023 5% - $10,906,000

General Features

Sewer Public Sewer
Heating Central
Cooling Central A/C
Possession Settlement
Roof Fiberglass
Zoning RSA5
Garage Spaces 19.00
Pool Y/N No Pool
Architectural Style Contemporary
Construction Materials Brick
Year Built 2024
View City
Property SubType Other
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Natural Gas
Accessibility None
County PHILADELPHIA
New Construction Yes
Property Type Multi-Family
Subdivision Name MT AIRY
Garage Y/N Yes
Water Access Y/N No
Other Structures Above Grade
Status ACTIVE
Directions USE GPS
City PHILADELPHIA
Buyer Agent Compensation 2.25
High School District THE SCHOOL DISTRICT OF PHILADELPHIA
Total Units 1
MLS Area 19119 (19119)
Lot Size Square Feet 37900.00
Tax Assessed Value 296000.0
Waterfront Y/N No
Street Name HORTTER
Tax Annual Amount 4143.0
Home Warranty Y/N Yes
Property Condition Excellent
Structure Type Other
Price Per Sq Ft 191.33
Construction Completed Y/N No
Historic Y/N No
Rent Control Y/N No
Vacation Rental Y/N No
Total SQFT 57000
Days on Market 769
Location Type Urban
Standard Status Active
Year Built Source Estimated
Tax Lot 118
Total Actual Rent 798000.00
School District 300200397108
Cap Rate 6.00
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel Natural Gas
Basement Partially Finished
Flooring Hardwood
Hot Water Natural Gas
Basement (Y/N) Yes
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N Yes
LivingAreaSource Estimated
Three Bedroom Units Count 19

Exterior Features

Parking Features Private,Paved Parking,Surface
Lot Features Flag
Water Source Public
Total Parking Spaces 24
Garage Features Garage - Front Entry
Type of Parking Parking Lot,Attached Garage
Land Use Code SR
Foundation Details Concrete Perimeter
Water View Y/N No
Lot Dimensions 30.50 x 342.75
Lot Size Acres 0.87
Lot Size Units Square Feet
Lot Size Source Estimated
Land Assessed Value 296000.00
Navigable Water Y/N No
Water Oriented Y/N No
# of Attached Garage Spaces 19
LotDimensionsSource Estimated
Parking Lot - # of Spaces 5

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 19119

Price
AVG $5.67M
$10.91M
Taxes
AVG $3,517
$4,143
Visits
AVG 1547
3041
Data Provided by Inside Real Estate®
Year Built
AVG 1958
2024
Walkscore
AVG 79
79
Data Provided by Walkscore® not using MLS data

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