RRA Sells 29 Apartments in Bucks County, Pennsylvania for $1.85 Million
PHILADELPHIA, PA–( July 27, 2015) – Rittenhouse Realty Advisors is pleased to announce the sale of the Tyler Arms Apartments in Morrisville, PA. The property is a two-and one-half story, garden style community consisting of 6 two-bedroom units and 23 one-bedroom units.
Tyler Arms has excellent visibility from West Trenton Avenue and is conveniently located close to public transportation (SEPTA and NJT) and major arteries (Interstate-95, Interstate-295, U.S. Route 1 and Route 13).
Managing Partner Ken Wellar noted: “This property generated a great amount of interest from buyers from New York and New Jersey. We had multiple offers on the property within two weeks of commencing our marketing process.”
The property has an easy commute to multiple employment centers: Center City, Philadelphia is just a 45 minute drive away and the property is 15 minutes from Princeton, New Jersey and 5 minutes from Trenton, New Jersey. Mark Duszak, Director of RRA, added: “Local investors and out of area investors had strong interest in this Bucks County location because it borders Lower Makefield Township which was ranked #1 in Pennsylvania for both median household income and median family income (per 2010 census with a population over 10,000). In addition, the property borders the Delaware River with New Jersey’s State Capital only minutes away.”
Article originally printed here.