Monday, March 10, 2014

Castlewood Townhome Apartments Sale in Coral Springs, FL Arranged by Marcus & Millichap


Castlewood Townhome Apartments, 11550 NW 39th Street, Coral Springs, FL

Evan P. Kristol
CORAL SPRINGS, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Castlewood Townhome Apartments, a 24-unit apartment property located in Coral Springs, FL. The asset sold for $2,450,000.

Senior Vice President Investments Evan P. Kristol in Marcus & Millichap’s Ft. Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company from Washington, DC.  The buyer, a limited liability company from Coral Springs, FL was also secured and represented by Kristol.

“This was an opportunity for an investor to acquire a well-located multifamily asset with outstanding curb appeal, an oversized unit mix and excellent future potential.

“As the ‘for sale’ condominium market continues to recover, Castlewood will make an excellent candidate for conversion to condominiums due to its unique unit mix of all two- and three-bedroom floor plans,” says Kristol.

Castlewood Townhome Apartments is a garden-style apartment community that consists of 24 apartments in three two-story buildings surrounding a swimming pool and sundeck.

 More than 50 percent of the two and three bedroom/two bathroom apartments are townhome style and offer an extra half-bathroom. 

Additionally, one-half of all townhome units feature a private direct access garage and semi-private landscaped entry with front patio.

Castlewood Townhome Apartments is located at 11550 NW 39th Street in Coral Springs, FL.

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

Ryan Nee
Regional Manager, Ft. Lauderdale
(954) 245-3400


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