JACKSONVILLE, FL-A private investment group based in Orlando has acquired Waterfront Village, an apartment complex consisting of 205 units at 6100 Arlington Expressway in Jacksonville. The group has purchased the Class C property from receivership for an amount of $2.8 million or about $13,659 per unit.
The apartment complex is nearly 80% occupied. Steve Lear from Walchle Lear Multifamily Advisors handled the distressed deal.For the full story, go to Jacksonville Business Journal.
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