Sparrow House
6144 Germantown Ave, Philadelphia, PA, 19144, US
50 units
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Elkins Park Gardens (the “Property”), a 50-unit, value-add apartment community adjacent to SEPTA's Elkins Park Train Station in Montgomery County, Pennsylvania. This Property is being offered as a Fannie Mae interest-only loan assumption at a 4.99% rate over a seven-year term.
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Attributes
Number of units
50
Occupancy
100%
Year built
1953
Rentable area
4,349 m²
Media
Investment Highlights
- 100% Classic Units
- 80% Two Bedrooms
- 20+ Years of Ownership
- Significant Capital Infusion
- $139K Average HH Income
- Located Adjacent to SEPTA's Elkins Park Train Station
- Accretive Assumable Full-Term Interest Only Financing
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Elkins Park Gardens (0 Properties)
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Last updated
30 Apr 2025
