JACKSONVILLE, FL., – March 16, 2022 – NAI Hallmark announces the sale of Villager Apartments for $3,450,000. The 40-unit multifamily property is located at 2951 Justina Road in Jacksonville, Florida. Vice President Luke McCann and Associate Andrew Tyrrell brokered the transaction on behalf of Pango Real Estate, the Seller.
“NAI Hallmark is pleased to have represented the Seller in the sale of Villager Apartments,” said Vice President Luke McCann of NAI Hallmark. “Recent renovations with the addition of full-size washers & dryers offers a comparative advantage to competing inventory and uncaptured rental upside in this submarket.”
The multifamily asset was built in 1971 with most units being renovated and all major mechanicals addressed recently. The property consists of 40 one-bedroom multifamily units in four buildings on 1.42 acres. The property is located in the Arlington Submarket of Jacksonville, within walking distance to Jacksonville University and numerous retail centers along Merrill Road.
For more information regarding the sale of Villager Apartments or any questions relating to multifamily investment assets, please contact Luke McCann at lmm@naihallmark.com or Andrew Tyrrell at art@naihallmark.com.
