A locally-based buyer formed Champlost Ivy LP to acquire Ivy Court, located at 901 W. Champlost St., for $945,000, or $15,242 per unit, from LaSalle Bank.
Stanwood Partnership sells the 18-unit Stanwood Apartments at 1940 Stanwood St. to Eugene Sterin, a local investor, for $625,000, or $34,722 per unit. Occupancy at Stanwood is above 90%.
Glen and Sheri Gould sell 40-unit Sheri-Lynn Apartments at 5217-41 Cottage St. in the Wissinoming section of Northeast Philadelphia to Sheri-Lynn Enterprises LP for $910,000 or $22,750 a unit.
The local office of Encino, CA-based Marcus & Millichap was the broker and secured the buyers for all three properties.
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