The apartments along St. Augustine Road were built in 1974.
The 138-unit Lakewood Oaks Apartments in Lakewood sold for $17.85 million Oct. 8, up from its $12.07 million sale in early 2019.
NAI Hallmark’s John Rutherford represented the seller, Coral Gables-based Jax San Jose Apts. LP.
Sunny Isles Beach-based Fincapital Investments LLC bought the property.
The average per-unit sale price was $129,347.83.
The community, at 3534 Smithfield St., was built in 1974 on 8.7 acres near University Boulevard and St. Augustine Road.
It has one-, two-, three- and four-bedroom layouts. Units include tile or vinyl flooring and central air conditioning.
Lakewood Oaks offers a clubhouse, pool, laundry center, playground and 24-hour maintenance.
Monthly rents range from $765 to $1,725.