701 WEIKEL RD Lansdale, PA 19446

This phenomenal opportunity is a terrific expansion of any real estate portfolio. Woods Edge offers a value proposition and the opportunity to acquire an asset at below market replacement costs. Rental growth will be fueled by the limited new supply of muti-family apts. and the strong job market and growth in this location and all suburban Philadelphia. In addition, it offers a potential opportunity of conversion to for-sale condos.

The proximity to the PA Turnpike's Northeast Extension, Rt. 309 and 63 and the downtown districts of Lansdale and Ambler Boroughs, quaint Village of Skippack combined with public transportation and Septa R-5 generates tenant demand and the ability to maintain market rents while also offering the possibility of a condo conversion. The multiple business plans ensure the quality of the investment and desirability of this property. Current ownership has held it as an investment in their portfolio for over 30+ years. The property overall has been well maintained and a stable tenant base, with a long-term turnover rate of less than 6% year-over-
year.