$8,700,000
$9,500,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
240 Clarence Avenue Other, FL Other
115,004 SqFt
Key Details
Sold Price $8,700,000
Property Type Commercial
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 115,004 sqft
Price per Sqft $75
MLS Listing ID 900407
Sold Date 11/05/22
Year Built 1987
Lot Size 7.500 Acres
Acres 7.5
Property Sub-Type Multi-Family
Property Description
Welcome to Mona Lisa Apartments! This property, nestled between New LLano and Leesville, offers the multifamily investor an opportunity to acquire a well-maintained asset located in a limited supply submarket with a higher than average rental base. Additionally, this asset has a rent delta of $134-$164 on average per unit vs. the market leading assets and should be able to easily close the gap with a limited value add campaign and management push to maximize returns.
Location
State FL
County Other
Area 30 - Other Counties
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Bought with ECN - Unknown Office