Thursday, May 30, 2013

Rotter Realty Grp Purchases Castle Club Apts

Rotter Realty Group purchased the Castle Club Apartments at 254 W. Trenton Ave. in Morrisville, PA from Home Properties, Inc. for $15 million, or approximately $95,000 per unit, according to public record documents. 

The property totals 158 units on 8.7 acres. Built in 1967, it features a clubhouse, fitness center, fully equipped kitchens and many units have balconies or patios. The property was reported to be 97 percent occupied at the time of sale.

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