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90 Monroe Blvd
King Of Prussia, PA 19406
Henderson Square Luxury Apartments · Multifamily Property For Sale
·
160 Units
Investment Highlights
- Core Asset: 160-Unit garden-style community located on ±17 acres in the highly sought-after King of Prussia submarket
- Recent Capital Investments: Recent capital improvements include roof replacements and HVAC upgrades (±50% units)
- Spacious Layouts & Unique Features: Include private patios or balconies, large kitchens with modern appliances and in-unit washers and dryers
- True Value-Add Opportunity: In-place rents (averaging ±$1.77 PSF), significantly trail competitive properties (ranging up to $3.13 PSF)
- Strong Occupancy: Currently 98% occupancy, historically running at 97% to 100%
- Unmatched Accessibility to Regional Employment Hubs & Major Highways
Property Facts
| No. Units | 160 | Building Size | 239,040 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 2000/2004 |
| Building Class | B | Parking Ratio | 1.67/1,000 SF |
| Lot Size | 12.65 AC | ||
| Zoning | G | ||
| No. Units | 160 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 12.65 AC |
| Building Size | 239,040 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 2000/2004 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | G |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Vaulted Ceiling
- High Speed Internet Access
- Patio
- Smoke Free
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Courtyard
- Fitness Center
- Property Manager on Site
- Tennis Court
- Corporate Suites
- Gated
- Furnished Units Available
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 858 - 960 |
| 2+2 | 120 | - | 1,142 - 1,225 |
Property Taxes
| Parcel Number | 58-00-09979-007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $11,904,000 |
Property Taxes
Parcel Number
58-00-09979-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$11,904,000
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