Lennox Apartments

232 – 242 W. Walnut Lane Philadelphia, PA 19144



Property Details

  • Price-
  • Property TypeMulti Unit Housing
  • NeighborhoodMount Airy
  • Number of Units155
  • Lot Size1.14 acres
  • Price/Unit-
  • Price/Bedroom-
  • Year Built1930

Investment Highlights

  • Major Renovations: $1,500,000 in Renovations
  • “Value Add” Opportunity: Renovated Units Receive 10%-18% Higher Rents
  • 48% Renovated Units: Kitchens, Baths and Hardwood Floors
  • Strong Rental Market: 98% Occupied (Rent Ready Units)
  • Outstanding Location: 10 Minute Drive to Center City Philadelphia
  • Excellent Public Transportation: Located 2 Blocks from SEPTA Train Station & SEPTA Bus Stop Directly in Front of Apartment Complex

Description

Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire the fee simple interest in Lennox Apartments, a rental apartment community containing 155 units in the West Mount Airy Section of Philadelphia, Pennsylvania. This area of Philadelphia is well known for its proximity to the exceptional recreational facilities of both the Schuylkill River and Fairmount Park. It is a desirable area to live due to its central location and easy commute to both Center City and the suburbs with quick access to major roadways and public transportation.

Property Status

NOTE: This property is no longer available.


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