Marcus & Millichap Brokers $9.9 Million Sale Of Village Square Apartments In Ocala
1715 Northeast 36th Avenue
$9,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 2, 2025
AI
The property involved in this transaction is a multifamily asset located at 1715 Northeast 36th Avenue in Ocala, encompassing 5.3 acres. The sale price for the 68-unit property, known as Village Square Apartments, was $9,900,000. This equates to a price per unit of $145,588, representing a significant market transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,900,000
- Units: 68
- Price Per Unit: $145,588
- Address: 1715 Northeast 36th Avenue
- Market: Ocala
- Acres: 5.3
- Brokers: Jason Hague & Ned Roberts - Marcus & Millichap
Jason Hague and Ned Roberts, representing both the buyer and the seller, facilitated the transaction. Notably, this sale achieved the second-highest per-unit price for multifamily assets of its size within the Ocala market, showcasing the expertise of Marcus & Millichap in closing this deal.
Players
Ocala MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93