Marcus & Millichap Sells 80-Unit Multifamily Courtyard Villas In Orlando For $12M

The Courtyard Villas, an 80-unit multifamily community located at 3764 Rio Grande Avenue in Orlando, Florida, has been sold for a total of $12 million. This sale was facilitated by Jason Hague, Ned Roberts, and Duane Anderson from the brokerage firm Marcus & Millichap. The property offers a price per unit of $150,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $12,000,000
• Address: 3764 Rio Grande Avenue
• Market: Orlando
• Brokers: Jason Hague, Ned Roberts, & Duane Anderson - Marcus & Millichap
• Units: 80
• Price Per Unit (PPU): $150,000

Despite being previously listed at a lower price by a competing brokerage firm in the fourth quarter of the previous year, the Courtyard Villas attracted multiple offers during its sale. This showcased the successful marketing efforts and nationwide outreach implemented by Marcus & Millichap's brokers, Jason Hague, Ned Roberts, and Duane Anderson.