Transaction Closed in Just 35 DaysSUNRISE, FL (September 8, 2008) — Atlanta-headquartered Apartment Realty Advisors (ARA), the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, represented a local seller in the sale of 2109, 2113, 2117 NW 64th Avenue apartments, located in Sunrise, Florida.
The seller was represented by vice president, Brandon J. Rex (top right photo) of ARA Florida’s active Private Client Group. According to Rex, “this property, which sold for $1,825,000, closed in only 35 days, with the buyer securing favorable financing.”
The asset is a well-located 24-unit apartment building, consisting of 12 one-bedroom/one-bathroom and 12 two-bedroom/one-bathroom units in addition to three laundry rooms with three washers and dryers. The property has undergone numerous renovations and many of the units have new kitchens and bathrooms. 95% occupied at the time of the sale, 2109, 2113, 2117 NW 64th Avenue is situated in the heart of South Florida
's tri-county cluster of Miami-Dade, Broward and Palm Beach and is a short distance from Florida’s Turnpike, Sunrise Boulevard and Interstate 95.
's tri-county cluster of Miami-Dade, Broward and Palm Beach and is a short distance from Florida’s Turnpike, Sunrise Boulevard and Interstate 95. To schedule an interview with an ARA executive regarding this transaction or for more information about Apartment Realty Advisors, please contact Ken Krasnow, kkrasnow@arausa.com or 561.988.8800; or Amy Holland at aholland@arausa.com
or 678.553.9366.
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