Wednesday, February 12, 2014

Linden Court Apts Sell for $5.6M

M & M Management has acquired the Linden Court Apartments at 9181 Academy Dr. in Philadelphia, PA from private investors for $5.6 million, or $70,000 per unit. 

The 80-unit, 85,000-square-foot multifamily building was constructed in 1962 on 1.4 acres in the Torresdale submarket of Philadelphia County. The unit mix is comprised of 32 studios, 32 one-bedroom and 16 two-bedroom apartments that are fully occupied.

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