Michaelson Buys Apartment Community in Jacksonville for $14.7M
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.