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| 4201 North A Street Apartments, Tampa, FL |
TAMPA, Fla., November 7, 2013 – Marcus & Millichap Real
Estate Investment Services, the nation’s largest real estate investment
services firm, has announced the sale of 4201 North A Street Apartments,
a 14-unit apartment property located in Tampa, Fla., according to Richard D.
Matricaria, regional manager of the firm’s Tampa office. The asset sold for
$525,000.
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| James Vestal |
James Vestal, associate in Marcus & Millichap’s
Tampa office, had the exclusive listing to market the property on behalf of the
local seller, a private investor.
Vestal also represented the Tampa-based buyer.
4201 North A Street Apartments was built in 1925 and is
located at 4201 West North A Street in Tampa, Fla. The property consists of one, two-story building.
There are four, one-bedroom/one-bathroom units with 700
rentable square feet and 10, two-bedroom/one-bathroom units with 750 rentable
square feet. All units have wall unit
air-conditioning and the property is situated on approximately .33 acres of
land.
‘This deal represented one of the dwindling supplies of
distressed deals on the market,” says Vestal.
“We had several offers on it because of its great location, which drove
a lot of value. The buyer plans a full rehab which will add to the continuing
resurgence on North A Street,” adds Vestal.
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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