RPH Multifamily Group ARRANGES THE SALE OF A 28-UNIT APARTMENT BUILDING
LAKELAND, Fla., October 22, 2019 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Goodyear Apartments, a 28-unit apartment property located in Lakeland, Fla., according to Chris Travis, sales manager of the firm’s Tampa office. The asset sold for $1,662,625.
Ned Roberts, CCIM, Adam Podbelski and Jason Hague, investment specialists in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.
“This deal was not without its challenges – including a delay caused by Hurricane Dorian,” said Mr. Roberts. “But we overcame those challenges and ultimately provided the seller with surety of closing by negotiating a contract which included an extremely short three-day due diligence, no financing contingency and a substantial earnest money deposit.”
Goodyear Apartments is located at 1647 Goodyear Avenue in Lakeland, Fla. Several of the units have been recently upgraded with further value-add potential via additional unit interior and common area improvements. Lakeland is centrally located between Tampa Bay and Orlando MSA’s.
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