Thursday, July 22, 2010

Apartment Bldg. Nets $3.1M in Philadelphia

"An individual investor sold the multifamily building at 65 North 34th St. in Philadelphia to Academic Properties Inc. for $3.13 million, or about $284,000 per unit.

The 9,210-square-foot apartment community consists of eleven two-bedroom units. It was built in 1930 in the West Philadelphia submarket and was not on the market at the time of the sale."

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