Summit Court Apartments_Property for Sale
Summit Court Apartments_Property for Sale
101 Summit Ln, Bala Cynwyd, PA, 19004-2930, US

Summit Court Apartments

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present Summit Court (the “Property”), a 29-unit apartment community featuring private and semi-private entrances located on Philadelphia’s prestigious Main Line in Bala Cynwyd, PA. Summit Court is situated within the A+ ranked Lower Merion School District, and boasts an average household income of $202,529, presenting an investor with the opportunity to acquire a generational Main Line asset.

...

Attributes

Number of units
29
Occupancy
93%
Year built
1952
Rentable area
2,676 m²

Media

Investment Highlights

Compelling Value Add Opportunity

Summit Court features 10% classic units with tenured residents and rents that trail the most recent leases by upwards of 15%. The Property features 90% two-bedroom units.

Transient Oriented Location

Summit Court benefits from its walkability to SEPTA's Cynwyd Station and is less than a 10-minute drive from premier Suburban Square.

"A+" Rated School District

Summit Court is located within the impressive "A+" Nicke ranked Lower Merion School District.

Significant Capital Infusion

Current ownership has invested over $1M in preventative maintenance and capital improvements.

Rising Cost of Home Ownership

On average, the monthly rental payment at the Property is 52% lower than the average cost of homeownership.

Superior Main Line Fundamentals

Year-over-year submarket rent growth is to remain above 3.5% through 2027.

Summit Court Apartments 4_Property for Sale
Summit Court Apartments 4_Property for Sale

Contact brokers

Summit Court Apartments (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
10 Oct 2024