Some RED HOT  Headlines from recent sales of Apartments in Florida

 

JUST SOLD | 200-Units in Lakeland, FL | 4.7% Cap Rate

♦ A 200-Unit Apartment Community Built in 1974

♦ Closed at a 4.7% Trailing Cap Rate

♦ Concrete Block Construction

♦ Some of the Lowest In-Place Rents in the Immediate Submarket

♦ 70% Two- and Three-Bedroom Floorplans with an average of 890 RSF

♦ Value-Add Opportunity through Interior and Exterior Enhancements

 

JUST SOLD | 9 Units in Largo, FL (Tampa Bay MSA) | Highest Price Per Unit for 1960’s Built Community in Largo History

♦ 9-Unit Multifamily Community in Largo, Florida (Tampa Bay MSA)

♦ $93,888 Per Unit, Highest Price Per Unit for 1960’s Built Asset in Largo History

♦ Closed at 99.4% of List Price

♦ 33 Days from Contract to Closing

 

JUST SOLD | 120 Units in Tallahassee, FL |

Record Breaking $85,416 Per Unit | 264 Buyers and 13 Offers Generated

♦ 1988 Built Class “B” Community In Tallahassee, Florida’s State Capital

♦ Sold at $85,416 per Unit – Highest Price for a 1980’s Built Market-Rate Community in Tallahassee

♦ 264 Registered Buyers and 13 Offers Generated Through Meoli | Donaldson Partners’ Proprietary Database

♦ Buyer Closed at Contract Price and Terms

♦ Over $1.5 Million In Recent Capital Improvements

♦ Diverse Unit Mix With 67 Percent Two-Bedroom and Two-Bathroom Units

 

Laurel Park Downtown Sarasota 4 Unit! $710,000 | Record High $177K per Unit! Our team handled both sides of the transaction, and the marketing of the asset generated 125 registered buyers, in 7 different states!

 

$2,200,000 | 16 Units Osprey Florida

Highest Price/Unit Multifamily Property over 5 units in Sarasota County!! 

The highest priced property was actually a 13-unit that sold for $1,987,000 or $152k per unit but the point being properties are selling at numbers near or at the peak.

 

SOLD : 4-units in laurel Park

$750,000

$187,500 per unit

$254 Per SF

 

To sell your property, contact Sean Dreznin at SBR Commercial via email sean@sbrcommercial.com

or

(941) 961-8199