Wednesday, November 27, 2013

Marcus & Millichap Brokers $316,000 Sale of San Christopher Apartments in Dunedia, FL

  
San Christopher Apartments, 784 San Christopher Drive, Dunedin, FL


Michael Donaldson
DUNEDIN, FL, Nov. 27, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of San Christopher Apartments, a five-unit apartment property located in Dunedin, Fla., according to Richard D. Matricaria, regional manager of the firm’s Tampa office. The asset sold for $316,000.

James Vestal, associate in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor based in Wisconsin.

 The buyer, a local private investor, was secured and represented by Michael Donaldson and Nicholas Meoli, senior associates in the firm’s Tampa office, and Earle Hyman, senior vice president investments in Marcus & Millichap’s Encino office. 

Nicholas Meoli
San Christopher Apartments is located at 784 San Christopher Drive in Dunedin, Fla.  This five-unit apartment community was built in 1973 and consists of one, two-story building. 

T he building is comprised of four one-bedroom/one-bathroom units with 680 rentable square feet and one two-bedroom/two-bathroom townhome unit with 1,350 rentable square feet. 

Amenities of the property include; condo-grade finishes such as, glass top ranges with microwaves, stainless steel dishwashers and refrigerators, wood floors and stone tiling in the bathrooms.  There is ample parking and large rear porch areas. 

Earle Hyman
“San Christopher mirrored the continuing strength that the Dunedin sub-market has been seeing since the beginning of the year,” says Vestal.  “This property showed the continuing demand for turnkey properties with strong rents in good areas.”

 For a complete copy of the company’s news release, please contact:

 Richard D. Matricaria
Regional Manager
 Tampa, FL
(813) 387-4700

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