Immokalee Apartment Property Trades for $12M
Marcus & Millichap has arranged the $11.5 million sale of Oak Haven Apartments, a 160-unit, Section 42 LIHTC apartment property located in Immokalee, FL.
Oak Haven Apartments is located at 580 Oakhaven Cir in Immokalee. The community was built in 1993 of concrete block and contains all two- and three-bedroom floorplans. At the time of sale, approximately three years remained on the Extended Low-Income Housing Agreement (ELIHA).
Adam Podbelski, Ned Roberts, Jason Hague and Sam Ferguson of Marcus & Millichap’s Tampa office represented the seller, a limited liability company, in the transaction. The buyer, a limited liability company, was also represented by Podbelski, Roberts, Hague and Ferguson.
- ◦Acquisition