United Realty Buys Jacksonville Complex for $2.55M

VA Group Sells 76-Unit Almeda Apts.

United Realty Management Inc. of Margate, FL, acquired Almeda Apartments at 3801 Almeda St. in Jacksonville from Sunil Kologi of Clifton, VA, for $2.55 million, or about $33,553 per unit, with an 8% cap rate.

The 76-unit, 58,604-square-foot apartment complex on 3 acres was built in 1969 and is in the Northwest Jacksonville market.

Prior to this sale, the property last sold in December of 2002 for $783,000.

Jeff Klotz of Dickinson Commercial Real Estate Services represented the seller. United Realty Management Inc. was self-represented.

For more information, please refer to COMP ID #1284447.

Co-Star

http://www.realestate-jacksonvilleflorida.com/commercial-real-estate-news.html