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Georgetown Apts. Fetches $3.8M in Sale

Seller Flips 90-Unit Complex After Five Months
By Tara Waller
July 21, 2008 | 12:15 P.M.

Seventh Venture LLC of Davenport, FL, acquired the Georgetown Apartments at 130 Avenue C SE in Winter Haven, FL. A private investor sold the property for $3.8 million, or about $42,000 per unit, at a 7.5 percent cap rate.

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