PHILADELPHIA, PA, December 3, 2013 – Rittenhouse Realty Advisors is pleased to announce the sale of 131 units at the Willowbrook Condominiums in Boothwyn, PA. Willowbrook is a two-and-one-half-story, garden style community with a brick exterior. It was built in 1971 as an apartment complex and was converted into condominiums in the late 1980’s. The units sold are part of 374 total units that make up the community and include 59 one-bedroom units and 62 two-bedroom units, the majority of which are located in 5 neighboring buildings on the property.
“Willowbrook has some unique features that its competitors do not offer, such as a swimming pool. Plus, all one bedrooms units have dens, and all two bedrooms units have two full bathrooms,” noted Ken Wellar, Managing Partner of Rittenhouse Realty Advisors. Numerous capital improvements were recently made at Willowbrook. All units have central air conditioning and other community amenities include ample off-street parking and laundry facilities. “The new buyers have a very hands on approach to management which should decrease expenses and increase the rental income at the property in a relatively short amount of time,” stated Corey Lonberger, Managing Partner at Rittenhouse Realty Advisors.
Read the full article at Market Wired.