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RRA Sells 66 Units Totaling $5.15 Million in Delaware County

by RRA on April 18, 2017
RRA Sells 66 Units Totaling $5.15 Million in Delaware County

Rittenhouse Realty Advisors is pleased to announce the sale of the Ath Dara Apartments at 82 South Lansdowne Avenue and the Romeo Park Apartments at 89 East Baltimore Avenue in Lansdowne, Delaware County, PA.  The properties consist of 66 total apartment units and are each situated within walking distance to SEPTA Regional Rail lines to Philadelphia, as well as several major arterial roads such as I-95 and I-476.

The properties each feature on-site parking and laundry facilities, as well as controlled access to the buildings.  They are within walking distance to the shops and restaurants along Baltimore Avenue.

RRA Managing Partner Corey Lonberger stated: “RRA’s unique marketing process found a qualified buyer in less than one week and we executed within 95% of our asking price.”

Ken Wellar, also a Managing Partner, added:  “Lansdowne is in the heart of Delaware County which has a historically strong rental market.  The fact that Ath Dara is directly across the street from the train station that is a twenty minute ride to Center City, Philadelphia, makes the property especially attractive to both prospective tenants and buyers.”