Beacon Hill Apartments LLC has purchased two apartment buildings in Boston for $5.6 million.

The two multifamily properties are at 24 Joy St. and 88 W. Cedar St. in the city’s Beacon Hill neighborhood.
The Joy Street building is four stories tall with six apartments and retail space on the ground floor. The West Cedar Street property houses nine apartments and is also four stories tall.

While the six studio units at Joy Street were recently renovated, the rent at the West Cedar property could increase as much as 35 percent after planned renovation of the three one-bedroom and six two-bedroom units, according to industry sources. The average rent at the West Cedar property was $2,111 a month at the closing in late February.

Cornerstone Realty Consultants arranged $3.35 million in acquisition financing for Beacon Hill Apartments LLC. Salvatore Campofranco, managing member of the buyer, is the founder of Wilton, Conn.-based Luzern Assoc. Luzern owns and operates multifamily suburban office buildings in the Northeast.