JACKSONVILLE, FL - Navarino Property Group and Mayfair Investment Partners have acquired Seaside Apartments, a 100-unit multifamily property with spacious units located one mile from the beach in Jacksonville Beaches submarket.
ResProp Management was selected to provide full-service property and construction management.
Seaside is a garden-style apartment community featuring 1, 2, 3 and 4 bedroom apartments. The two-story surface-parked property has units averaging close to 1000 Square Feet.
The property has on-site amenities that include a swimming pool, playground, dog park, picnic area, and on-site laundry facilities. Its superb location and close proximity to Mayport Road and Atlantic Blvd, make the property a convenient location to top employers and entertainment.
Clint Miller, Director of Business Development for InvestRes (parent company of ResProp) states, "We look forward to working with Navarino and Mayfair on their newest acquisition in Florida. Seeing the transformation of the property and taking it to the next level will be an amazing process to be part of."
With the recent addition of Seaside Apartments into the portfolio, ResProp Management now manages more than 8,000 units across Florida. This latest addition was made possible through the partnership with Navarino Capital Management LLC.