CRUM LYNNE, PA-Fifteen of the buildings in the Penn Hills apartment complex along Holland St. here sold for just over $4 million, or about $31,899 a unit. The buildings were originally constructed for Boeing employees and later acquired by a group of individual investors and subdivided into 129 apartment units.

Each of the brick, two-story buildings contains a mix of apartment types. Together, they are nearly 100% occupied. The complex, located southeast of Philadelphia near Woodlyn, has easy access to I-95, I-476 and the Philadelphia International Airport.

The Philadelphia office of Marcus & Millichap listed the properties as a single portfolio. It was the exclusive broker in the sale to an undisclosed buyer. The selling price is well below the estimated 2004 median price-per-unit of $58,000, projected by M&M for apartments in the greater Philadelphia MSA.

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