SOLD
Marcus & Millichap Sells Teal Pointe Apartments In Homestead For $4.975M
151 West Lucy Street
MultiFamily
Sold 115 days ago
Summary
Sale
FLORIDA
MultiFamily
Marcus & Millichap has sold Teal Pointe Apartments in Homestead, Florida, for $4,975,000. The property is a multifamily asset consisting of 45 units with an average price per unit of $110,556. The apartments are located at 151 Southwest 8th Street in the Homestead market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,975,000
- Units: 45
- Price Per Unit: $110,556
- Address: 151 Southwest 8th Street
- Market: Homestead
The seller of Teal Pointe Apartments is JRR Apartments, LLC. The broker representing the transaction is Evan Kristol from Marcus & Millichap. The buyer is an affordable housing developer who intends to continue operating the community within the LIHTC program. They also plan to undertake renovations and upgrades on the property.
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Details
SOLD
IMAGE: Evan Kristol
DATE: 01/08/2024
ADDRESS: 151 Southwest 8th Street
MARKET: Homestead
ASSET TYPE: Multifamily
SELLER: JRR Apartments, LLC
BROKER: Evan Kristol (@Evan.Kristol) - Marcus & Millichap (@MarcusMillichapinc)
SALE PRICE: $4,975,000
UNITS: 45 ~ PPU: $110,556
NOTE: Marcus & Millichap has sold Teal Pointe Apartments in Homestead, Florida, for $4,975,000. The local buyer, an affordable housing developer, intends to continue operating the 45-unit community within the LIHTC program and undertake property renovations and upgrades.View on map
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Address151 West Lucy Street
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