[my_adsense_shortcode_1]
For the fourth time since its completion, Alvista Golden Gate, a 200-unit neighborhood in Naples, Fla., has bought. JBM Institutional Multifamily Advisors brokered the deal.
Dolben Co. bought the property for $62 million from Phoenix Realty Group, in response to Yardi Matrix data. In 2018, Phoenix Realty Group acquired Alvista Golden Gate from RAIT Financial Trust for $34.7 million. Huron Partners bought the asset to RAIT Financial Trust in 2002 for $13.8 million.
Alvista Golden Gate options one- and two-bedroom flats, which common of 976 sq. ft. Located at 1600 Wellesley Circle, the neighborhood is located on some 17.3 acres with a unit density of 11.56 properties per acre.
The asset is 94 % occupied, as indicated by Yardi Matrix information.
Community facilities embrace a swimming pool, solar deck, clubhouse, canine park and picnic space. Individual models characteristic in-home washers and dryers, storage closets and screened-in patio and balcony choices.
The property is throughout the road from the Golden Gate Community Park. Residents have entry to the better Southwest Florida space by the Golden Gate Parkway 1 mile from the neighborhood.
Florida’s housing market is booming, with the state rating second behind Texas in inhabitants development. Since March 2020, rents in Naples have elevated 48.9 %.
[my_adsense_shortcode_1]
Source link
[my_taboola_shortcode_1]
