JACKSONVILLE, FL., – January 9, 2022 – NAI Hallmark announces the sale of Kingswood Apartment Homes at a price of $1,775,000. The 12-unit multifamily property is located at 1357 Kingsley Avenue in Orange Park of the Jacksonville, Florida MSA. Vice President Luke McCann and Associate Andrew Tyrrell brokered the transaction on behalf of Kingswood Equity Partners, the Seller.
“NAI Hallmark is pleased to have represented the Seller in the transaction of Kingswood Apartment Homes. The property’s central location on a major thoroughfare in the Orange Park submarket provides strong employment drivers such as HCA Florida Hospital, NAS JAX, and Cecil Commerce Center.” said McCann.
Situated on 1.64 acres, the multifamily asset was built in 1984 and consists of 3 buildings offering a variety of floor plans. The units at Kingwood Apartment Homes have recently undergone improvements such as new stainless appliances, cabinets and granite countertops, updated bathrooms and wood-style flooring throughout. The property also was recently painted and installed a new monument sign on Kingsley Avenue.
For more information regarding the sale of Kingswood Apartment Homes or any questions relating to multifamily investment assets, please contact Luke McCann at lmm@naihallmark.com or Andrew Tyrrell at art@naihallmark.com
