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Galveston: 284-unit Island Bay Resorts soldGalveston: 284-unit Island Bay Resorts soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=35062014-07-29T14:23:00Z2014-07-29T00:00:00Z

GALVESTON - The Island Bay Resorts, a 284-unit, Class B community located at 7400 Jones Dr., has been purchased.

The 39-year-old community is 69 percent occupied with average rents at $0.97 per sf. The community features one- and two-bedroom floor plans ranging in size from 300 sf to 1,030 sf.

Property amenities include laundry rooms, playground and swimming pools.

Blue Valley Apartments Inc. sold the property to 2014 Galveston Jones Drive LLC.

O'Connor and Associates
Houston-The Woodlands-Sugar Land
Multifamily
http://www.oconnordata.com/blog/post/2014/07/25/2014-Galveston-Jones-Drive-LLC-an-entity-of-Eureka-Holdings-Inc-purchases-a-284-unit-Class-B-residential-community-in-Houston.aspxRead more at {Source}

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