The Real Deal Miami

Hialeah’s Okeechobee Villas apartment complex sells for $8.1 million

August 30, 2012 09:00AM

The 109-unit Okeechobee Villas in Hialeah has been sold for $8.1 million, according to Marcus & Millichap’s Gregory Matus, vice president and regional manager of the firm’s Fort Lauderdale office. The price represented an average of $74,311 per unit. Marcus & Millichap’s Joseph Thomas and Felipe Echarte represented the seller, a Miami Lakes-based limited liability company. Okeechobee Villas, which is currently 97 percent occupied, is located at 1350 West 6th Avenue in Hialeah. — Alexander Britell