Sunwood officials quote the sale prices for the condo units as $135,000 and up. The units will undergo a "substantial rehabilitation and conversion," Stockton says.
Sunwood Apartments, located at 4600 SW 67th Ave., is well-situated to be a successful condo development. "It's in a very good section of town," he says. "It's on the outskirts of Coral Gables, in a residential single-family subdivision."
He adds that the complex is in "a very hot condo market," and that "It's a good time for condos." The units are approximately 1,000 sf, with two bedrooms and 1 ½ baths. About half of them are two-story units.
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