The Twelve Trees Apartments in Paxton Township, Pa., have sold in an all-cash deal for $9.3 million, brokerage The Kislak Co. Inc. announced today.

Representing both the buyer, LCL Equities, and the seller, Paxton Hills Associates Ltd., in the transaction, Kislak said the 136-unit multifamily complex comprises three two-story buildings containing 60 units and six two-story buildings containing 76 townhomes, made up of one-, two- and three-bedroom units.

Amenities at the property include a pool, pool house, tennis court, playground and Capital Area Transit bus service.

At the time of the sale, the property was 95 percent occupied. The buyer has plans to substantially upgrade the property including exterior and interior upgrades as well as to separately meter the utilities for each unit.


***


What’s your opinion? Leave your comments below or send a
letter to the editor.


Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Leaders from across the industry answered our call to come to Inman Connect and share essential advice for leveling up your 2021.SEE THE SPEAKERS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription