Grandview Estates sells for $13+million
The Kislak Company, Inc. announced the recent sale of Grandview Estates, a 100-unit townhouse community in Waynesboro, Franklin County, Pennsylvania, for $13,250,000.
Kislak marketed the portfolio with Vice President Matt Wolf handling the assignment. Wolf also procured the purchaser.
The company had a number of aggressive offers, Wolf said. He credited the demand for that type of real estate in markets in areas like Waynesboro.
“This was a great opportunity for the purchaser to acquire 100 units,” he said. “They were all three-bedroom townhouses, in excellent condition with the potential to increase rents.”
Grandview Estates features 100 three-bedroom townhomes each with two and one-half baths. Kitchens are fully equipped with modern appliances: dishwasher/disposal, microwave, natural gas range, and refrigerator. All apartments also feature central air conditioning; hot air heating system; washer/dryer hook-up and one car garage on the lower level. Other amenities include abundant storage space; private balconies with large, composite decks; one car driveway parking; and pet-friendly options.
Situated in a quiet, residential location at the end of a cul-de-sac, the property is about 6 miles east of I-81 and 12 miles north of Hagerstown, Maryland. It is located in the Cumberland Valley between Hagerstown and Chambersburg; and part of the Baltimore-Washington metropolitan area.
Local attractions include historic museums, arts centers, recreation area park and antique markets.
Two miles north of the Mason-Dixon line, the property is close to Camp David and the Raven Rock Mountain Complex, a deep underground relocation and communications facility for the Pentagon, open to the public for tours through a special program at Camp David.