Sold February 2018
Ashley Club apartment homes is a 224-unit garden-style apartment community located in an established single-family neighborhood of Pensacola, Florida. The property is near numerous employment, educational and recreational venues. One block from US Highway 90 offers scenic views of Escambia Bay and direct access to Downtown Pensacola. Residents of Ashley Club are also within proximity of three colleges with combined enrollments of over 28,000.
Ashley Club was developed in 1986 and consisted of 224 one and two-bedroom floor plans ranging from 690 square feet to 1010 square feet. Amenities include a clubhouse, swimming pool, hot tub, car care center, fitness facility, lighted tennis court, Bark Park, clothes care center, and outdoor cooking and dining area. ApexOne Growth and Income Fund I purchased Ashley Club and will hold long-term to capture growth and appreciation.