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Springfield Valley Apartments
111 Providence Road, Morton, PA, 19070, US
60 units
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Plymouthtowne Apartments (the “Property”), a 267-unit, garden style, apartment community located in Plymouth Meeting, Montgomery County, PA. The Property was constructed, meticulously maintained, and managed by current ownership for the last 50 years. Over the last 10 years, ownership has invested over $1.8M into the Property demonstrating their long-term commitment to the asset. Furthermore, the opportunity exists to increase rents by more than 40% within the traditional and remodel units through renovation while capitalizing on the current loss-to-lease in the Premiere units.
Value-Add Opportunity
Core-Plus Opportunity
Significant Capex Infusion
Submarket Fundamentals
Dynamic Suburban Location