Summit Court Apartments
101 Summit Ln, Bala Cynwyd, PA, 19004-2930, US
29 units
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Mount Laurel Manor Apartments (the “Property”, or “Mount Laurel Manor”), a 37-unit, core-plus apartment community located in Mount Laurel, New Jersey.
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Attributes
Number of units
37
Occupancy
97%
Year built
2022
Building area net
39,434 sf
Land area gross
3.02 acres
Media
Investment Highlights
Core Plus Offering with Rental Upside
- Two and three bedrooms trail the best-in-class competitive set by 16% and 18% respectively.
Opportunity to Enhance Amenity Package
- Future ownership is presented with the opportunity to develop the courtyard into a versatile outdoor space.
Strong Submarket Fundamentals
- Year-over-year rent growth is expected to hover around 3.0% foreseeable future.
Attractive Demographics
- The average household income within a 3-mile radius exceeds $150,000.
Oversized Floor Plans
- Mount Laurel Manor features oversized apartments, with an average size of 1,066 square feet.
#2nd Best School District in County
- The Lenape Regional School District is ranked 2nd out of the 14 school districts in Burlington County.
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Mount Laurel Manor (0 Properties)
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Last updated
8 Jan 2025
