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RPH Multifamily Group Brokers A 49-Unit Apartment community in Bradenton for $8.2M

BRADENTON, Fla., December 16, 2021 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Atlantic Townhomes, a two-story, 49-unit apartment property located in Bradenton, Florida. According to David G. Bradley, regional manager of the firm’s Tampa office, the asset sold for $8.2 million.

Adam Podbelski, Ned Roberts, Jason Hague and Sam Ferguson of the RPH Multifamily Group in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was procured by Podbelski, Roberts, Hague and Ferguson.

“Atlantic Townhomes is a great representation of how hot the multifamily space has become – and is continuing to become – in Southwest Florida, particularly Manatee and Sarasota counties,” said Podbelski. “After driving multiple offers, we ultimately went under contract above our target number with a strong, Miami-based family office looking to aggressively grow and take advantage of the near double-digit rent growth in the region.”

Atlantic Townhomes is located at 304 57th Ave Dr. E in Bradenton, Florida, encompassing an entire cul-de-sac on a 3.72-acre lot. Close to local beaches and a short distance from Highway 301, the townhome-style community also benefits from proximity to major employment and retail corridors in Bradenton.

Originally constructed in 1983, the 58,800-square-feet rental property underwent extensive renovations in 2018 including new roofs. It is comprised of 100% two-bedroom/one and one half-bathrooms featuring vinyl plank flooring, stainless steel appliance, quartz countertops, marble-look tile shower/tub combos and stackable washer/dryers.

Are you interested in selling or buying Florida multifamily housing?

At RPH Multifamily Group we strictly specialize in Florida multifamily sales, so that you can make the most successful, informed, and stress-free multifamily investment decisions. Learn more about the RPH Multifamily Group’s Florida Multifamily Sales Advisory And Brokerage Services.

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