October 6, 2023 – Travis Jones, Andy Prater and Jessica Harris of Horvath & Tremblay have arranged the sale of Willow Tree Apartments, a fifty (50) unit multi-family property in Milton, Florida. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $3,950,000.
The Willow Tree Apartments are located at 6475 Willow Tree Court in Milton, Florida. The Willow Tree Apartments are comprised of four building (one single story building, and three two-story buildings) that consists of fifty (50) total units, comprised of nine (9), 1-Bedroom/1-Bathroom units, thirty-three (33), 2-Bedroom/2-Bathroom units and eight (8), 3-Bedroom/2-Bathroom units with 48,199 square feet of living area in 49,435 square feet of total gross area on a large 2.85-acre parcel. Willow Tree Apartments offers spacious, well-maintained units that feature ceramic tile floors, nickel finish hardware, full kitchens with granite countertops and dishwashers, in-unit washer and dryer hook-ups, and private patios or balconies for select units. The Property also offers an on-site management/leasing office and ample on-site parking for residents. The Property is well-located in a quiet residential neighborhood in the northern end of Milton, minutes from downtown with excellent access to all the amenities the city has to offer. Milton is positioned along the banks of the Blackwater River and offers convenient access to the Blackwater River State Park and State Forest which are home to a variety of outdoor recreational activities. Milton’s downtown features a plethora of employment, shopping, and entertainment opportunities. Santa Rosa Medical Center is the largest employer in the city, and the area is home to the Naval Air Station Whiting Field (5-miles) and nearby Eglin Air Force Base.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the country. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.