The community was built in 1974 with many units having been renovated.
The 105-unit Riverside at Orange Park apartments sold April 25 for $17.325 million.
Promenade Park Holdings LLC of St. Johns County sold the apartments at 606 Park Ave. to Riverside at Orange Park Apts. LP of Fort Lauderdale.
The apartments on the 4.419-acre property were built in 1974. The per-unit sales price is $165,000.
The apartments feature one-, two- and three-bedroom units from 700 to 1,375 square feet. Rents are $1,250 to $1,799 according to apartments.com. The one- and two-bedroom apartments have been renovated.
The community includes a pool. Units come with a washer/dryer hookup, ceiling fans, hardwood and tile floors and balconies and patios. The apartments are smoke-free. Pets are allowed.
The current taxable value is $8.62 million.
Promenade Park Holdings LLC purchased the property at 606 Park Ave. in February 2020 from QPG Park Ave Apartments LLC of New York for $10.55 million.
Be the first to know the latest breaking news and information that business leaders rely on in this fast-paced changing Northeast Florida economy. Regional business news, trends and statistics needed to grow your business. Key upcoming events you won’t want to miss and much more. Click Here to Grow your Business NOW!