SOURCE: Rittenhouse Realty Advisors

Rittenhouse Realty Advisors

November 10, 2015 11:43 ET

Rittenhouse Realty Advisors Sells 27 Units in Upper Darby, Pennsylvania for $1.1 Million

PHILADELPHIA, PA--(Marketwired - November 10, 2015) - Rittenhouse Realty Advisors is pleased to announce the sale of the Highland Hall Apartments in Upper Darby in Delaware County, Pennsylvania. The property consists of 23 residential units, including efficiencies, one-bedroom and two-bedroom apartments as well as 4 commercial units.

Highland Hall is conveniently located just blocks from the stores and restaurants of West Chester Pike (Route 3). Tenants also enjoy easy access to SEPTA's 69th Street Station, a transportation hub offering numerous bus lines, trolley lines as well as subway access. The property is well served by its proximity to the employment centers, shopping and abundant amenities of Center City and University City, Philadelphia and the dense western suburbs of the city. Ken Wellar, Managing Partner at RRA, stated: "Through our unique marketing process we were able to attract investors from throughout the Mid-Atlantic region. At the end of the day we achieved full asking price for this property."

Corey Lonberger, also Managing Partner at RRA, added: "The buyer is an established local owner/operator who plans on a moderate renovation package that will result in a significantly higher rent roll."

For more information on current rates or to view our available listings visit www.RittenhouseRealty.com.

Based in Philadelphia, Pennsylvania, Rittenhouse Realty Advisors is a real estate advisory firm with an extensive focus in the brokerage of multi-family communities throughout the northeast region of the United States. Formed in February 2013 by a group of advisors with more than 30 years of commercial investment sales experience, our focus is on multi-family and mixed-use properties with significant residential components.

www.RittenhouseRealty.com

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Contact Information

  • Press Contact:
    Corey Lonberger and Ken Wellar
    Managing Partners
    215-454-2852