The Babb Group arranges the sale of a 6-unit apartment building in Gulfport, Florida

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5601 31st Avenue South
Marcus & Millichap announced the sale of 5601 31st Avenue South, a 6-unit apartment property located in Gulfport, Florida

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of 5601 31st Avenue South, a 6-unit apartment property located in Gulfport, Fla., according to Chris Travis, regional manager of the firm’s Tampa office. The asset sold for $820,000.

The buyer, a private investor, was secured and represented by Shawn Rupp, Jay Ayres, Casey Babb, CCIM and Luis Baez, CCIM, investment specialists in Marcus & Millichap’s Tampa office.

“Gulfport is a very unique submarket with one of the strongest occupancy rates in the Tampa-St. Petersburg metropolitan area. The location is top-tier in Tampa Bay and is what attracted the buyer to the property,” said Jay Ayres.

5601 31st Avenue South, built in 1972, is located in Gulfport, Fla. The corner property features New Orleans-style apartments, resident parking, on-site laundry utilities, and is situated only a short walk from the beach.