RPH Multifamily Group - Marcus & Millichap Sells Multifamily Properties In Ocala For $11.65M

The recently closed property transaction in Ocala involved three multifamily assets located at 1709 NE 2nd Street, 1731 NE 14th Street, and 1630 NE 71st St. The properties, known as Briarwood, 14th Street Townhomes, and Oak Crest Villas, respectively, were sold for a total of $11,650,000. The transaction included a total of 111 units, resulting in a price per unit of approximately $104,955.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $11,650,000
• Units: 111
• Price per Unit: $104,955
• Market: Ocala

The sale was facilitated by the RPH Multifamily Group from Marcus & Millichap, with Jason Hague, Adam Podbelski, and Ned Roberts representing the sellers. These brokers played a key role in the successful transaction, ensuring a smooth process for all parties involved.