Lennox Apartments_Propriété à vendre
Lennox Apartments_Propriété à vendre
236 W Walnut Ln, Philadelphia, PA, 19144-3279, US

Lennox Apartments

Description de l'actif

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Lennox Apartments (the “Property”), a 155-unit value add apartment community located in the historic West Germantown neighborhood of Philadelphia, PA.

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Attributs

Nombre d'unités
155
Année de construction
1930
Nombre d'étages
4
Superficie locative
8 852 mètres carrés

Média

Points forts de l'investissement

Compelling Value Add Opportunity

68% of the units feature classic or partially renovated finishes that no longer compete with the surrounding competitive set.


Significant Capital Infusion

Current ownership has invested over $2M in preventative maintenance and improvement initiatives aiming to preserve the Property’s appeal.


Strong Market Fundamentals

Year-over-year submarket rent growth is expected to remain above 3.0% for the foreseeable future.


Discount to Replacement Cost

The offering is presented at a fraction of current replacement cost.


Neighborhood Charm

The Property benefits from the charm and walkability of Northwest Philadelphia neighborhoods.


Unmatched Accessibility

Situated off Germantown Ave, the main thoroughfare of Northwest Philadelphia, Lennox Apartment’s prime location provides residents with exceptional accessibility.

Lennox Apartments 4_Propriété à vendre
Lennox Apartments 4_Propriété à vendre

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Lennox Apartments (0 Propriétés)

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Dernière mise à jour
17 févr. 2025