2131 Walnut St,
Philadelphia, PA 19103
Alterra Property Group purchased this 6,000 square foot vacant former multifamily building in September 2013 and completed a historic renovation resulting in seven luxury apartments. Alterra operated the apartments for just under two years and sold the asset in January 2015 for a 3.5x equity multiple.
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Located on the corner of 15th & Chestnut, Avenir offers prime location to restaurants and shops with easy walk ability throughout the city.