Read Property Group Acquires Multifamily Asset From Multihousing.com For $11 Million In Gulfport MS

The transaction involved a multifamily asset located at 10532 Klein Road & 1900 Switzer Road in Gulfport, MS. The property consists of 132 units and has a total square footage of 124,680. The sale price was $11,000,000, resulting in a price per unit of $83,333 and a price per square foot of $88.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,000,000
• Units: 132
• Square Footage: 124,680
• Price Per Unit: $83,333
• Price Per Square Foot: $88
• Buyer: Read Property Group
• Seller: Multihousing.com
• Broker Representatives: Jonathan Brody, Josh Dachs & Michael Schattner - Base Realty Group

The deal was facilitated by the brokerage team of Jonathan Brody, Josh Dachs, and Michael Schattner, who represented the sellers, Multihousing.com, in this transaction.