Michaelson Real Estate Group, LLC and a private equity investor acquire The Oaks at San Jose

Michaelson Real Estate Group, LLC and a private equity investor have acquired The Oaks at San Jose, a 200-unit multi-housing community in the Lakewood neighborhood of Jacksonville, Florida. The property was 90 percent occupied at the time of purchase.

The Oaks is situated in a predominantly residential area just minutes from historic San Marco Square and the San Marco Movie Theater, Downtown’s Southbank, upscale trendy clothing boutiques, Baptist Hospital, several churches, and some of Jacksonville’s best restaurants. Located at 5551 Auburn Road, near the intersection of San Jose and University Boulevard, The Oaks also offers superb accessibility to the area’s most traveled highways, Downtown Jacksonville and the Jacksonville International Airport.

Built in 1948, The Oaks, features a mix of one and two-bedroom apartments in four different floor plans. The property boasts a sparkling pool, gazebo with picnic area, spacious grounds, and lush landscaping. The property is slated for interior and exterior renovations later this year, which are anticipated to result in significant post-renovation rental premiums.

Michaelson Real Estate Group, LLC will manage the property. Michaelson specializes in enhancing multifamily values through marketing, management and repositioning. Michaelson has managed more than 30,000 apartment and condominium units throughout the Southeast.

For further information please contact:
Michaelson Real Estate Group
Michael Moses |

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