$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 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