Updated Dec 4, 2024
Marcus & Millichap Sells St. Andrews Villas Multifamily In Madison, AL For $21.65M
29789 Hardiman Road
$21,650,000
Units
96
Asset Type
MultiFamily
Closing
Feb 6, 2024
About this deal
AI
St. Andrews Villas, a 96-unit multifamily asset located at 29789 Hardiman Road in Madison, Alabama, was recently sold for $21.65 million. The property boasts a per-unit price of $225,521.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $21,650,000
- Units: 96
- Price Per Unit: $225,521
- Address: 29789 Hardiman Road
- Market: Madison, AL
Josh Jacobs and Royce Emerson from Marcus & Millichap played a key role in facilitating the sale of St. Andrews Villas, representing the seller Andy Keelon of Keelon Development Inc.
Players
Madison MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Royce Emerson to view all their deals.
Browse Madison multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93