PORT RICHEY, FL—Marcus & Millichap Investment Services reports it has arranged the sale of the Grand Boulevard Apartments property here.
The eight-unit apartment complex at 7606 Grand Boulevard was built in 1946. The multifamily property is located on the Cotee River on a nearly half-acre parcel that includes four, one-story buildings comprised of a studio unit; five, one-bedroom/one bathroom units; a one-bedroom/one-bathroom cottage and a 1,200 rentable square foot, two-bedroom/one-bathroom house.
Richard D. Matricaria, regional manager of the Marcus & Millichap's Tampa office, announced the deal. The firm's Jason Hague, an investment specialist, and Senior Associates Michael Donaldson and Nicholas Meoli had the exclusive listing to market the property on behalf of the seller, a local private investor. The listing agents procured the buyer of the property, an individual, based in Merritt Island, FL. The asset traded for $400,000.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
