Franklin Street has negotiated the sale of Hampton Villas I and II in the Mount Dora submarket of Orlando, for $2.86 million. The 65-unit multifamily property is located at 1515 Lincoln Ave in Lake County. City Walk Residential Villas, LLC, a partnership led by a private local investor, acquired the property from locally-based Hampton Villas, Ltd. Darron Kattan, Kevin Kelleher, Zachary Ames and Robert Goldfinger of Franklin Street Real Estate Services in Tampa represented both parties in the transaction.
“The Central Florida area features some of the strongest fundamentals in the Florida apartment market,” said Kelleher, senior director of multifamily investment sales at Franklin Street’s Tampa office. “The demand for B and C Class apartment properties also continues to outpace supply. The investors were drawn by Mount Dora’s long-term occupancy rates, active and outdoor lifestyle, and small-town feel that makes it an attractive place for families and visitors alike.”
Built in 1981, Hampton Villas is conveniently located close to the popular downtown Mount Dora arts district. The property offers a mix of one-, two- and three-bedroom units. Amenities include hi-speed Internet access, alarm systems and a laundry facility.
Darron Kattan, Kevin Kelleher, Zachary Ames and Robert Goldfinger have over 60 years of combined experience with multifamily real estate in the Tampa Bay Region.
About Franklin Street: Founded in 2006 during one of the toughest real estate climates, Franklin Street focused on delivering value-added solutions to meet the evolving needs of clients. Through a collaborative philosophy of leveraging the resources, expertise and experience of each of its divisions – Investment Sales, Tenant and Landlord Representation, Capital Advisory, Insurance, Property Management and Project Management – Franklin Street offers unmatched value and optimal solutions for clients nationwide. Learn more about Franklin Street at FranklinSt.com.