Venice Island
4436 Main St, Philadelphia, PA, 19127, US
181 eenheden
Objectomschrijving
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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Kenmerken
Aantal eenheden
155
Bouwjaar
1930
Aantal verdiepingen
4
Verhuurbare oppervlakte
8.852 vierkante meter
Media
Investeringskenmerken
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.
Contact adviseurs
Lennox Apartments (0 Eigendommen)
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Laatst bijgewerkt
17 feb 2025
