Bryn Mawr, PA
Property Type: Mixed-UseSize: 18 Apartments + 1 Retail
Price: See Broker for Details
CAP: See Broker for Details
Highlights:
- 18 Apartments with Ground Floor Retail Space on the Main Line in Bryn Mawr
- Beautiful Apartment Units - Three Buildings Gut Renovated, and One is New Construction
- Outstanding Location Across the Street from Bryn Mawr Hospital
- Building Fully Leased Through Spring of 2025
- High End Finishes in Kitchens - Granite Counters and Stainless Steel Appliances
- Tenant Paid Heat, Reimbursed Water, and In-Unit Washers & Dryers
- Off-Street Surface Parking & Two Income-Producing Garages
- Popular La Cabra Brewing Smokehouse Recently Executed 5-Year Option with Rent Increases
Description:
Marcus & Millichap is pleased to present for sale Glenbrook Apartments - An 18-unit apartment property with a ground floor retail space located in the highly desirable Main Line town of Bryn Mawr, PA.
The property is comprised of four adjacent buildings: Three have been completely gut renovated, and one is new construction. The kitchens have new high end finishes, including granite counter tops and stainless steel appliances. Each unit features an in-unit washer/dryer, and tenants are responsible for heat. There is off-street surface parking for every unit, as well as two income-producing garages.
Glenbrook Apartments is in an outstanding location, across the street from Bryn Mawr Hospital. The property is adjacent to the Bryn Mawr Light Rail Station, which is served by the Norristown High Speed Line. The Bryn Mawr Train Station, served by Septa’s Paoli/Thorndale Line with service to/from Philadelphia, is 0.5 miles (10 minute walk) from the property.
The property has eighteen student rental licenses and is fully leased through Spring of 2025. The property has a long history of full occupancy with consistent rent growth. The ground floor retail space, occupied by the popular La Cabra Brewing Smokehouse, recently executed a 5-year option with rent increases.
CLICK HERE TO VIEW THE OFFERING MEMORANDUM
