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Porterfield Brokers Sale of Penwood Apartments

Porterfield Brokers Sale of Penwood Apartments

LONGVIEW – – Mark Porterfield, Senior Vice President in the Henry S. Miller Investments Division, recently brokered the sale of Penwood Apartments in Longview, Texas.  This 100 unit apartment complex sits at 502 Scenic Drive in the northwest quadrant of Highway 80 and Highway 281.  While having recent renovations, an excellent location, brand new HVAC and stable high occupancy rates, Penwood Apartments is also located in a very well established location in Longview near schools, college campuses and popular retailers. This property has a unique unit mix with 12 four bedroom apartments, 28 three bedroom, 40 two bedroom, and 20 one bedroom units with the average for the entire unit mix being approximately 885 square feet. The property was purchased by Step Above Properties from a partnership out of Oregon.