Updated Oct 29, 2024
PRR Property LLC Acquires Multifamily Property In Birmingham, AL For $15.5M
3000 & 3400 Chestnut Ridge Birmingham, Alabama 35216, USA
$15,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 25, 2023
About this deal
AI
The multifamily property located at 3000 & 3400 Chestnut Ridge in Birmingham, AL has been sold for a price of $15,500,000. The transaction took place on 05/25/2023. The property is owned by The Park at Rocky Ridge Ltd and has been acquired by PRR Property LLC.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,500,000
- Address: 3000 & 3400 Chestnut Ridge, Birmingham, AL
The buyer, PRR Property LLC, represented by their broker, handled the acquisition of this multifamily property from the seller, The Park at Rocky Ridge Ltd.
On the Map
$15,500,000
MultiFamily
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Players
Birmingham MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93