236 W Walnut Ln, Philadelphia, PA, 19144-3279, US

Lennox Apartments

Descripción

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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Atributos

Unidades

155

Año de construcción

1930

Pisos

Área rentable

8852 m²

Media

Aspectos destacados de la inversión

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.