A joint venture bought the Stonemont Village apartments at 2930 Stonemont St. for $13 million on Aug. 19.
Through Stonemont Village Apartments LLC, Huber Equity Group of Columbus, Ohio, sold the apartments to Navarino Capital Management of Shelton, Connecticut, and Mayfair Investment Partners of Bay Harbor Islands in Florida.
Jacksonville-based NAI Hallmark announced that it brokered the sale.
“The property is a premier location within the San Marco submarket offering tremendous upside as the immediate area continues to be a top destination for renters and investors alike,” NAI Hallmark Vice President Luke McCann said in a news release.
The apartments are on 5.17 acres between Interstate 95 to the northeast and Philips Highway to the southwest. Built in 1974, the apartments comprise 89 units in nine two-story buildings. The unit price is $146,067.
Huber Equity Group bought the property in March 2021 for $7.275 million.
There are one- and two-bedroom apartments ranging from 800 to 1,100 square feet with monthly rents from $995 to $1,250, according to apartments.com.
The apartments include laundry facilities and on-site management.