Michael Svatko Purchases 100-Unit Multifamily Community From Tyler And Tim King In Paris

The Regency is a multifamily property consisting of 100 units, located at 2526 Lamar Avenue in Paris, Texas. Built in 1985, the asset features amenities such as a laundry facility and swimming pool, contributing to its attractiveness as a rental community. The property was on the market for 30 days prior to the sale.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not specified
• Address: 2526 Lamar Avenue
• Market: Paris
• Units: 100
• Buyer: Michael Svatko
• Seller: Tyler & Tim King - Quiet Capital
• Broker: Yonnic Land - The Multifamily Group

The sale was brokered by The Multifamily Group, with Yonnic Land representing the seller, Quiet Capital, while also procuring the buyer, Michael Svatko. The proximity of the property to Paris Regional Medical Center and Paris Junior College may enhance its rental appeal.