The 200-unit Hilltop Village Apartments at 1646 W. 45th St. in Moncrief sold May 1 for $16.25 million.
Southport Financial Services of Tampa sold the property through SP Hilltop Village LP.
The buyer was Joined Management of Clifton, New Jersey, through New Hope Homes LLC and New Hope Home Jacksonville LLC.
Joined Management specializes in operating Section 8 housing developments, according to its website. Hilltop Village offers Section 8 housing units.
The community, built in 1967, comprises multiple two- and three-story buildings on 10 acres. The per-unit sales price is $81,250.
The apartments are 728 to 910 square feet in size. Benefitsexplorer.com shows rents from $1,188 to $1,542.
Amenities include laundry facilities, a business center, clubhouse, playground and a basketball court. Management is on-site.