(4) Townhome Rental Properties (NoLibs)

401 Fairmount Avenue; Philadelphia, PA 19123

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Property Details

  • Price$ 2,300,000
  • Property TypeMulti Unit Housing
  • NeighborhoodNorthern Liberties
  • Number of Units4
  • Lot Size0.9 acres
  • Price/Unit$ 575,000
  • Price/Bedroom-
  • Year Built-

Investment Highlights

  • Northern Liberties: One of Philadelphia’s Most Desirable Neighborhoods
  • Strong Townhome Sales Market: Median Sales Price within a One-Block Radius is Over $730,000
  • Parking: One Space per Townhome
  • Great Nightlife Scene: Dozens of Restaurants and Bars Attract People from All Over Philadelphia
  • Close Proximity & Easy Access to Public Transportation: Steps to SEPTA Bus and Just 4 Blocks to Subway (Market-Frankford Elevated Line)

Investment Overview
On behalf of ownership, Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire the fee simple interest in Four Single-Family Rental Properties with Parking on Fairmount Avenue — 401, 403, 407 and 409 Fairmount Avenue — situated in the Northern Liberties neighborhood of Philadelphia. This highly desirable location shares its borders with trendy Fishtown and Spring Arts as well as the always popular Old City. Once thought to be a “hipster” neighborhood, Northern Liberties has arrived and is now known as a “rich-ster” neighborhood. Residents of Northern Liberties enjoy easy access to Center City via Spring Garden and Girard subway stops (Market-Frankford Line).

Northern Liberties is Philadelphia’s preferred residential neighborhood for young professionals. What started as an enclave for artists and design professionals is now a thriving area featuring million dollar townhouses and one of the most popular nightlife scenes in the city. As single-family townhomes within a one-block radius of the subject properties sell for a median sales price of over $730,000 and many townhomes selling for well over one million dollars, 401, 403, 407 and 409 Fairmount Avenue offers investors an excellent opportunity to acquire four beautiful townhomes significantly below their standalone value. These two- and three-bedroom single-family rental properties, which also have one parking space included with each house, offer investors outstanding value at an asking price of $2,300,000. Averaging $575,000 per townhome, investors can generate significant returns by continuing to rent the townhomes or by selling them off individually.

401, 403, 407 and 409 Fairmount Avenue presents a phenomenal opportunity to acquire 4 Single-Family Rental Properties with parking in Northern Liberties, one of Philadelphia’s most exciting neighborhoods.

Offering Memorandum


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NOTE: Outside Brokers must complete this Cooperating Broker Agreement and return via email to info@rittenhouserealty.com or fax to 267-324-3394.

Brokers

Ken Wellar
Tel: (215) 454-2852 EXT 1002
Cell: (610) 745-4800
License: PA RS289487 / NJ 1005492
ken@rittenhouserealty.com

Mark Duszak
Tel: (215) 454-2852 EXT 1003
Cell: (215) 805-5011
License: PA RS277420 / NJ 0047530
mark@rittenhouserealty.com

Corey Lonberger
Tel: (215) 454-2852 EXT 1001
Cell: (267) 760-3726
License: PA RS279134 / DE RS0016407
corey@rittenhouserealty.com

Douglas Emrich
Tel: (215) 454-2852 EXT 1005
Cell: (610) 733-8482
License: PA RS320748
doug@rittenhouserealty.com



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