Stenton Gardens & Awbury Manor, nestled alongside the lush Awbury Arboretum, are perfectly situated in the Germantown section of Philadelphia, rich with history and culture. Both properties boast spacious floor plans, exemplary access to natural light, and availability of units with upgraded kitchens, bathrooms and washer/dryers.

This is a true-value add opportunity, both physically and operationally. Stenton Gardens carries 39/76 apartments with classic finishes while Awbury Manor contains 13/45 apartments with classic finishes. Current owners have paved the way on a renovation program, achieving $150+ rent premiums on upgrades even while battling operational disruptions.

Along with physical renovations, there is opportunity to right-size utility RUBS at both properties to increase operational efficiency, especially in water/sewer reimbursement. At Stenton Gardens, owners have not been able to push both rents and other income line items due to the repair of the structure which is now fully complete.

Current owners have been on the defensive, taking care of all deferred maintenance repairs in order to restore these properties to full operations. It's time for the next investor to go on the offensive, increasing revenue through the renovation program while reducing property expenses.