CLK Properties Acquires Multifamily Property In Jonesboro, AR From Braxton Development
6 Willow Creek Ln, Jonesboro, Arkansas 72404, United States
Building Size
—
Asset Type
MultiFamily
Closing
Mar 30, 2022
AI
The multifamily property located at 6 Willow Creek Lane in Jonesboro, AR has been sold. The transaction took place on March 31, 2022, with a total of 324 units in the building.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not mentioned
- Address: 6 Willow Creek Lane
- Market: Jonesboro, AR
- Units: 324
The buyer of the property is CLK Properties, represented by Craig Koenigsberg. The seller is Braxton Development. The deal was facilitated by Aaron Jungreis and David Wildes from Rosewood Realty Group, serving as brokers for both parties.
Players
Jonesboro MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93