Rittenhouse Realty Advisors Sells 66 Units Totaling $5.15 Million in Delaware County, PA

PHILADELPHIA, April 19, 2017 -- Rittenhouse Realty Advisors is pleased to announce the sale of the Ath Dara Apartments at 82 South Lansdowne Avenue and the Romeo Park Apartments at 89 East Baltimore Avenue in Lansdowne, Delaware County, PA.  The properties consist of 66 total apartment units and are each situated within walking distance to SEPTA Regional Rail lines to Philadelphia, as well as several major arterial roads such as I-95 and I-476.

Recent Sales in Delaware County, PA

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/6a1be202-0622-46d1-9bc8-b48994ea5fa2

The properties each feature on-site parking and laundry facilities, as well as controlled access to the buildings.  They are within walking distance to the shops and restaurants along Baltimore Avenue. 

RRA Managing Partner Corey Lonberger stated: “RRA's unique marketing process found a qualified buyer in less than one week and we executed within 95% of our asking price."

Ken Wellar, also a Managing Partner, added:  "Lansdowne is in the heart of Delaware County which has a historically strong rental market.  The fact that Ath Dara is directly across the street from the train station that is a twenty minute ride to Center City, Philadelphia, makes the property especially attractive to both prospective tenants and buyers.” 

For more information on current rates or to view our available listings visit  www.RittenhouseRealty.com.

Based in Philadelphia, Pennsylvania, Rittenhouse Realty Advisors is a real estate advisory firm with an extensive focus in the brokerage of multi-family communities throughout the northeast region of the United States. Formed in February 2013 by a group of advisors with more than 30 years of commercial investment sales experience, our focus is on multi-family and mixed-use properties with significant residential components.
www.RittenhouseRealty.com

Press Contact: Corey Lonberger and Ken Wellar
Managing Partners
215-454-2852