Property Overview

Through a long standing relationship with the owner, Interra Realty broker Ted Stratman was engaged on an off-market basis to market the asset to a select group of qualified investors. Located along historic Drexel Boulevard, this 33 unit apartment building went through an extensive rehab in 2019/2020 allowing the owner to increase rents to market rate. With a unit mix consisting of one, two, three and four bedroom apartments, the overall interest was high and multiple competitive offers were procured for the asset on a discreet basis. The competitive nature of the sale ultimately produced one of the highest price per unit sales in the Kenwood submarket.

Key Details

Transaction Date
Number of Units
Year Built