Wednesday, July 10, 2013

DiPaolo Properties Sells Country View Manors

Bar Properties LLC purchased the 75-unit Country View Manors multifamily community at 76 University Dr. in Dunmore, PA from DiPaolo Properties, Inc. for $6.44 million, or about $86,000 per unit. The buyer purchased furniture and equipment from the seller for $312,500, which was not included in sale price. 

The 96,000-square-foot apartment property consists of one-, two- and three-bedroom units in 16 buildings. It was constructed in 1986 and renovated in 2007. The community is located in the Philadelphia I-81 Corridor submarket, and was 100 percent occupied at the time of sale.

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