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Michaelson Buys Apartment Community in Jacksonville for $14.7M

The Plaza in Jacksonville, Fla., features a swimming pool, tennis courts, biking and walking trails and an on-site laundry facility.

The Plaza in Jacksonville, Fla., features a swimming pool, tennis courts, biking and walking trails and an on-site laundry facility.

JACKSONVILLE, FLA. — Michaelson Real Estate Group has purchased The Plaza Apartments, a 281-unit multifamily community in Jacksonville, for $14.7 million. Located at 3780 University Club Blvd., The Plaza is located less than seven miles from downtown Jacksonville. The property, constructed in 1975, includes 38 two-story buildings and features one- and two-bedroom floor plans with an average size of 716 square feet. Community amenities include a swimming pool, tennis courts, biking and walking trails and an on-site laundry facility.

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