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| Eden Court Apartments, 3712 West Cass Street, Tampa, FL |
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| Francesco Carriera |
TAMPA, FL, March 31,
2014 – Marcus & Millichap Real Estate Investment Services, the nation’s
largest real estate investment services firm, has announced the sale of Eden
Court Apartments, a 28-unit apartment property located in Tampa, Florida,
according to Richard D. Matricaria, regional manager of the firm’s Tampa
office. The asset sold for $1,245,000.
Francesco Carriera and Michael Regan, vice
presidents investments and Joshua Teplitzky, investment specialist in
Marcus & Millichap’s Tampa office, had the exclusive listing to market the
property on behalf of the seller, a private investor based in Connecticut.
The listing agents also procured the buyer of the property a
private investor from Delray Beach, Florida.
Eden Court Apartments was built in 1973 and is located at
3712 West Cass Street in Tampa, Fla.
The property consists of two, two-story buildings comprising of 28,
one-bedroom/one-bathroom units with 700 rentable square feet.
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| Michael Regan |
The buildings were repainted and approximately 10
air-conditioning units were replaced. The interiors of 26 out of 28 units were
completely renovated.
“We generated ten offers throughout the marketing process
and received a large amount of interest from local South Tampa investors,” says
Teplitzky. “The two highest bidders were from South Florida and Canada.”
“The availability of attractive financing really drove the
top bidders over several strong cash offers,” concludes Teplitzky.
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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