Friday, June 25, 2010

MacDade Terrace Trades for $7.5M

"The MacDade Terrace Apartments in Woodlyn, PA, sold for $7.5 million, or $46,875 per unit, in a sale between private parties.

The 160-unit multifamily complex at 1400 MacDade Blvd. was constructed in 1964 on 7.5 acres. The complex features 15 efficiencies, 78 one-bedroom units and 67 two-bedroom units. The property was 80% occupied at the time of sale. It is located in the Delaware County submarket."

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