On the Market: 5 Interesting Listings for the Week of 10/9
This week's listings feature a renovated 1926-built property in Jacksonville, Fla., and a well-located duplex in Los Angeles.
On the Market is a weekly department curating the most interesting recent for-sale CRE assets. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Associate Editor Mallory Bulman.
Ashton Glen Apartments
Location: Centerville, Ohio
Avg. Rent: $867
Rentable SF: 102,600
Avg. Unit Size: 950 SF
Units: 108
Features: Effective rents average $144 less than competitors; 90 upgraded units are achieving $106 premiums; more than $300,000 has been invested in capital improvements at the property over the years; located in suburb of Dayton with highly rated school system; 99 percent occupied.
Contact: Matt Newcomer, ARA Newmark, 937-439-1094
130 North Burlington Ave.
Location: Los Angeles, Calif.
Price: $1.2 million
Building Size: 2,020 SF
Units: 2
Year Built: 1965
Features: Property consists of two renovated homes; main house has three bedrooms, two bathrooms and a new central AC/heat system; smart home features to regulate lighting, thermostat, doorbell and more; Walk Score of 84 and Transit Score of 66.
Contact: Walter Castillo, Coldwell Banker Commercial, 213-792-0940
Newport Woods Apartments
Location: Newport, Mich.
Price: $7.4 million
Building Size: 135,000 SF
Units: 144
Year Built: 1972
Features: Property consists of 12 two-and-a-half-story buildings on a 15.6 acres; community amenities include a pool, clubhouse, laundry and parking; mix of units ranging from 650 SF to 950 SF; improvements over the last few years include unit upgrades, roof and gutter replacement, clubhouse upgrades and pool repairs; average occupancy of 97 percent.
Contact: Gregory Coulter, Income Property Organization, 248-932-0300
Apartments at M Streets
Location: Dallas, Texas
Price: $17 million
Building Size: 67,791 SF
Units: 110
Year Built: 1972
Features: Located on 2 acres in Henderson corridor known for restaurants, shopping and nightlife; property was completely renovated and finished in 2017; easy access to downtown Dallas, Uptown, Deep Ellum and Greenville Avenue; unit mix consists of studio, one- and two-bedroom layouts; community amenities include a digital lock and key, controlled entry, gated parking and a common area with a swimming pool.
Contact: Grant Guest, Perry Guest Company, 214-207-8581
Amelia Apartments
Location: Jacksonville, Fla.
Price: $2.1 million
Building Size: 16,534 SF
Units: 24
Year Built: 1926
Features: Located in desirable Riverside/Avondale market; well-kept with renovation including hardwood floors, updated kitchens and bathrooms and new exterior paint in 2015; tenants pay all utilities; large parking lot and street parking.
Contact: Simon Garwood, Warren & Company, 904-673-8622
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