RRA Sells 21 Units in Burlington County, NJ
Rittenhouse Realty Advisors is pleased to announce the sale of 21 units in Mt. Holly, NJ in Burlington County. Hampton Manor Apartments is located at 1311 Woodlane Road, just 3 miles from Interstate- 295 and the New Jersey Turnpike, allowing for easy access to major metropolitan areas such as Philadelphia, Pennsylvania, Cherry Hill, New Jersey and Trenton, New Jersey.
The property consists of 20 residential apartments and 1 commercial unit. Each apartment has a private balcony or patio as well as individual entrances. The property is unique to this market as it is the only garden-style apartment community under 100 units in the immediate area.
Ken Wellar, Managing Partner at RRA, stated: “We were able to get $50,000 over our list price by creating a competitive environment through our unique marketing process.” Mark Duszak, Director at RRA added: “New Jersey is a highly desirable state to own apartments in and we have investors lined up from New York to Washington, D.C. competing with one another to purchase garden-style, multi-family complexes like Hampton Manor.”
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. NJ Broker of Record: Jeffrey Goldstein.