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185-Units Multifamily - Delaware County 6 Multifamily Properties Offered at $34,695,250 CAD in Multiple Locations
Investment Highlights
- Management Efficiency: Current operations are above market; Ability to significantly reduce expenses through streamlined management operations
- Favorable Unit Mix: (12) Studios, (81) one-bedroom, and (92) two-bedroom layouts appeal to a wide renter base
- Excellent Location: Easy access to Route 1, Route 3, Baltimore Avenue, and I-476 (Blue Route)
- Strong Value-Add: Rents are 10% to 15% below market; Complete minor upgrades to kitchens and baths, and increase rent
- High Barriers to Entry: Delaware County offers strong rental demand with occupancy upwards of 95%
Executive Summary
Global Real Estate Advisors (GREA) is pleased to exclusively offer the opportunity to acquire the fee simple interest in a six-property, 185-unit multifamily portfolio strategically located in highly sought-after Delaware County, Pennsylvania. This rare offer includes Ath Dara Apartments (54 Units), Cliff Park Apartments I (24 Units), Cliff Park Apartments II (44 Units), Romeo Court (12 Units), School Lane Apartments (27 Units), and 32 S. Wycombe Avenue (24 Units).
The Properties are located within a few minutes of each other, providing meaningful economies of scale and management efficiencies. The Portfolio offers residents access to a wide range of transit options and major employment centers across both suburban and urban Philadelphia.
The Portfolio features a diverse unit mix comprised of 6% studios (12), 44% one-bedroom units (81), and 50% two-bedroom units (92). Current occupancy across the Portfolio is a strong 92%, with historical performance consistently in line with the submarket of 95%. The Properties are located in highly sought-after workforce housing markets with little to no new multifamily construction, creating high barriers to entry and driving consistently elevated occupancy rates that are upwards of 95%. Continued lack of available land for development further strengthens long-term rental demand and Portfolio stability.
Centrally located within Delaware County, each asset provides residents with seamless access to major thoroughfares, including Baltimore Pike, Route 1, Route 3 (West Chester Pike), and I-476 (the Blue Route). These routes offer direct connectivity to Center City Philadelphia, the Philadelphia International Airport, and surrounding suburban employment hubs. In addition, the area is home to a broad range of major employers, including Mercy Fitzgerald Hospital (Trinity Health Mid-Atlantic), Riddle Hospital (Main Line Health), SAP America, Boeing, and Harrah’s Casino - all supporting a stable tenant base comprised of healthcare, industrial, and service-sector professionals.
The Properties are located within a few minutes of each other, providing meaningful economies of scale and management efficiencies. The Portfolio offers residents access to a wide range of transit options and major employment centers across both suburban and urban Philadelphia.
The Portfolio features a diverse unit mix comprised of 6% studios (12), 44% one-bedroom units (81), and 50% two-bedroom units (92). Current occupancy across the Portfolio is a strong 92%, with historical performance consistently in line with the submarket of 95%. The Properties are located in highly sought-after workforce housing markets with little to no new multifamily construction, creating high barriers to entry and driving consistently elevated occupancy rates that are upwards of 95%. Continued lack of available land for development further strengthens long-term rental demand and Portfolio stability.
Centrally located within Delaware County, each asset provides residents with seamless access to major thoroughfares, including Baltimore Pike, Route 1, Route 3 (West Chester Pike), and I-476 (the Blue Route). These routes offer direct connectivity to Center City Philadelphia, the Philadelphia International Airport, and surrounding suburban employment hubs. In addition, the area is home to a broad range of major employers, including Mercy Fitzgerald Hospital (Trinity Health Mid-Atlantic), Riddle Hospital (Main Line Health), SAP America, Boeing, and Harrah’s Casino - all supporting a stable tenant base comprised of healthcare, industrial, and service-sector professionals.
Property Facts
| Price | $34,695,250 CAD | Number of Properties | 6 |
| Price / SF | $218.66 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7% | Total Building Size | 158,670 SF |
| Sale Type | Investment | Total Land Area | 7.21 AC |
| Status | Active |
| Price | $34,695,250 CAD |
| Price / SF | $218.66 CAD / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 158,670 SF |
| Total Land Area | 7.21 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Cliff Park
311-313 N Sycamore Ave, Clifton Heights, PA 19018 |
Multifamily | 39,270 SF | 1975 | - |
|
3726 - 3730 School Ln
3726-3730 School Ln, Drexel Hill, PA 19026 |
Multifamily | 14,500 SF | 1940 | - |
|
Ath Dara Apartments
83-89 S Lansdowne Ave, Lansdowne, PA 19050 |
Multifamily | 54,000 SF | 1960 | - |
|
32 S Wycombe Ave
32 S Wycombe Ave, Lansdowne, PA 19050 |
Multifamily | 17,800 SF | 1983 | - |
|
Romeo Court Apartments
89 E Baltimore Ave, Lansdowne, PA 19050 |
Multifamily | 9,100 SF | 1960 | - |
|
Cliff Park
400 S Lansdowne Ave, Yeadon, PA 19050 |
Multifamily | 24,000 SF | 1988 | - |
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(215) 454-2878
x1001
Contacts
-
Corey Lonberger -
Robert DiPasquale -
Daniel Yadgaroff -
Kenneth Wellar -
Kiersten Mangin -
Charles Lang
-
Eli Pollack
-
GREA
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185-Units Multifamily - Delaware County
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