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$6,750,000 Under Contract

201 S 22nd Street
Philadelphia, PA 19103

Multi Family Home
2614 sq ft - MLS# 1002271988
Property Photo
1/25

Description

Rare Opportunity to own a trophy property in the heart of Rittenhouse Square! Brand new construction 6 story building with 10 units; 9 residential apartments and 1 commercial space at the corner of 22nd and Walnut, with a total monthly income of $31, 050. Building was completed in 2018 and all residential units are full rented and occupied. Each unit features: gourmet kitchen with Shaker-style cabinets, stainless steel appliances, quartz counters and a custom tile backsplash; hardwood floors; over-sized closets; washer/dryer in-unit; spa-like bathrooms with high-end fixtures. Situated just steps from great restaurants and shopping, and close to Rittenhouse Square Park. Located in the Greenfield Catchment. 10 Year tax abatement. This is a turn key investment opportunity.

Features

  • Annual Gross Expense: 27700.00
  • Building Area Units: Square Feet
  • Building Total SQFT: 10,000
  • Building Total SQFT Source: Estimated
  • Central Air Y/N: Yes
  • Construction Materials: Aluminum Siding, Brick
  • Cooling Type: Central A/C
  • County/Area: Philadelphia County
  • Electric Expense: 1000.00
  • Exterior Features: Sidewalks, Street Lights
  • Flooring Type: Wood, Tile/Brick
  • Foundation Details: Concrete Perimeter
  • Gross Income: $372600.00
  • Heating: Electric
  • Heating Type: Electric
  • Heating Y/N: Yes
  • Hot Water: Electric
  • Insurance Expense: 6500.00
  • Interior Features: Elevator
  • Land Use Code: CA0
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Listing Status: Under Contract
  • Lot Dimensions: 35X69
  • Lot Size: 0.0600
  • Lot Size Units: Square Feet
  • Lot SQFT: 2,415
  • Maintenance Expense: 3000.00
  • One Bedroom Units Count: 2
  • Original Listing ID: 7237234
  • Other Expense: 6950.00
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 8, Unit 3, Unit 6, Unit 7, Unit 9
  • Ownership Interest: Fee Simple
  • Parking Features: Street
  • Photo Option: No Photo per Seller
  • Property Condition: Average+Prop
  • Property Type: Multi Family Home
  • Roof: Flat
  • Room List: Master Bedroom
  • Sale Includes: Land Only
  • School District: The School District Of Philadelphia
  • Selling Agent: Richard Q Li
  • Selling Office: Liberty Real Estate
  • Sewer Septic: Public Sewer
  • Sq.Ft.: 10000
  • Sub Type: Detached
  • Subdivision: Rittenhouse Square
  • Subdivision/Neighborhood: Rittenhouse Square
  • Three Bedroom Units Count: 2
  • Two Bedroom Units Count: 5
  • Type Of Parking: On Street
  • Water Source: Public
  • Year Built: 2017
  • Year Built Source: Estimated
  • Zip Code: 19103
  • Zoning: RMX1

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