Ivanhoe Apartments at 400 North Black Horse Pike in Blackwood — Courtesy: Hudson Atlantic Realty
A private investor has acquired a 33-unit apartment building in Gloucester Township for $4.5 million, marking the first sale of the asset in more than four decades.
According to Hudson Atlantic Realty, which brokered the transaction, the property at 400 North Black Horse Pike consists entirely of one-bedroom units and boasts a location in the township’s Blackwood section. That gives residents quick access to Route 42 and the Atlantic City Expressway, providing a direct connection to the Philadelphia metropolitan area as well as major employment centers, retail destinations and local amenities…