RITTENHOUSE REALTY ADVISORS SELLS 144 UNITS IN CAMP HILL, PENNSYLVANIA FOR A TOTAL OF $12,300,000

Jul, 16 18 Post by: RRA | Comments Off on RITTENHOUSE REALTY ADVISORS SELLS 144 UNITS IN CAMP HILL, PENNSYLVANIA FOR A TOTAL OF $12,300,000

PHILADELPHIA, PA – (7/16/18) – Rittenhouse Realty Advisors is pleased to announce the sale of Marshall Square and West Creek Apartments, located at 6 Camp Hill Drive in Camp Hill, Pennsylvania. The property has 144 apartments with a mix of one-bedroom and two-bedroom units.

“The buyer of this asset is a repeat client who saw the opportunity to grow rents and add value to the property,” stated Ken Wellar, Managing Partner at RRA.

The property has excellent amenities, including a swimming pool, ample parking and storage space. Marshall Square and West Creek Apartments are located across the river from bustling downtown Harrisburg and have convenient access to Route 11, I-83 and I-81.

Mark Duszak, Director at RRA, added: “This transaction reflects the strong demand for value-enhanced, multi-family investments within the Harrisburg-Carlisle, PA MSA. We have seen investors shift their focus to this sub-market from the Philadelphia, New Jersey and New York areas due to the shortage of investment opportunities in those areas.”

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