Lindenwold’s Summit Place, a renovated garden-style community with 148 units, has sold for $7.5 million.
Gebroe-Hammer Associates represented the seller and procured a private investor to purchase the property.
Summit Place is located in what’s known as “Camden West” of Camden County, roughly 30 minutes away from Philadelphia and under an hour from Wilmington or Trenton.
Gebroe-Hammer Associates Vice President Adam Zeibel, who exclusively represented the seller in the transaction, characterized the area as a “close-knit community,” and called it an “emerging enclave for single millennial and established executive-level out-commuters.”
Summit Place was built in 1971 but has seen recent renovations including exterior refurbishments such as new windows and doors, as well as interior upgrades to kitchen cabinets, carpeting and appliances. The building also saw the installation of washer/dryers and central air conditioning/heating.