Penn Station Apartments

1348 Penn Station Exterior 4

Acquired in March of 2022, Penn Station Apartments is a small apartment community in Meridian, Idaho. The property is comprised of ten 4-unit buildings. The Morgan Stonehill has worked to bring rents to market level and increase NOI. Additionally, several capital improvement projects are currently underway.

LOCATION

Meridian

UNITS

40

YEAR BUILT

2001

FINANCIAL LENDER

Friends & Family

CONSTRUCTION LENDER

N/A