Marcus & Millichap Sells King Arthur Apartments In Hollywood, Florida For $3.68M

Marcus & Millichap recently sold King Arthur Apartments, a multifamily property located at 1607 Arthur Street in Hollywood, Florida. The property consists of 18 units, with a sale price of $3,680,000. This translates to a price per unit of $204,444. The total square footage of the property is 12,802, with a price per square foot of $287. The transaction was handled by investment specialists from Marcus & Millichap's Fort Lauderdale office, Austin Michels, Evan Kristol, and Felipe Echarte, who represented both the seller and the buyer, private investors.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,680,000
• Units: 18
• Price per Unit: $204,444
• Square Footage: 12,802
• Price per Square Foot: $287
• Address: 1607 Arthur Street, Hollywood
• Market: Hollywood

This successful transaction demonstrates Marcus & Millichap's ability to secure above-market pricing for property owners in South Florida. The investment specialists from their Fort Lauderdale office utilized their expertise to represent the interests of both the seller and the buyer, ensuring a smooth transaction for all parties involved.