Connect CRE: Renovated Apartments Trade in Kenwood

Jeremy Morton
Ted Stratman
Jeremy Morton
Multifamily
News
Ted Stratman
Transactions

Interra Realty brokered the $4.55-million sale of 5001 S. Drexel Blvd., a 33-unit renovated apartment building in Kenwood. The per-unit price was $137,878, among the highest in the submarket in recent years.
 
Managing partner Ted Stratman and director Jeremy Morton represented the seller, a local real estate investment group that works often with Stratman and engaged him to sell the property off-market. Stratman and Morton also represented the buyer, a New York-based family office.

Read article: Connect CRE