Wednesday, December 17, 2014

Lennox Apts Sold for $8.8M

Wexford Property Management sold the 156-unit Lennox Apartments at 232-242 W. Walnut Ln. in Philadelphia, PA for $8.75 million, or about $56,000 per unit, to a private owner.

The 88,600-square-foot multifamily property is comprised of one-bedroom units across three buildigns. The property was originally built in 1930. Prior to the sale the property did undergo a $1.5 million renovation with upgraded kitchens, bathrooms, plumbing and electric.

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