A Rolando apartment complex has been sold for nearly $6.6 million.
Stanley Avenue Apartments, 6295-6305 Stanley Ave., was acquired by a limited liability company and affiliate of Immobilier Funds.
The seller was David Alfery Investments.
Built in 1960, the complex is spread across three parcels on double corner lots.
It has 29 apartments - 28 one-bedroom, one-bathroom apartments, and one two-bedroom, one-bathroom apartment.
Amenities include a pool, onsite parking, and laundry facilities.
“The property has been well cared for by the sellers for the past 40 years,” said Scott Degoler, managing partner of Immobilier Funds. “We plan a $1 million upgrade and will rebrand the property to more contemporary standards.”
Representing both parties from Marcus & Millichap were Christopher Zorbas, executive managing director, and Graeme Henderson, an associate.