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1421 North Wilmington Boule...

Olga Wright & Todd Wohl Close $2.25M Multifamily Sale In Wilmington
SOLDMultiFamily

Olga Wright & Todd Wohl Close $2.25M Multifamily Sale In Wilmington

1421 North Wilmington Boulevard

$2,250,000

$283/SF

Building Size

7,948 SF

Asset Type

MultiFamily

Closing

Apr 15, 2024

AI

1421 North Wilmington Boulevard is a multifamily property located in the Wilmington market, spanning 0.28 acres. The property was sold for $2,250,000, with a total of 14 units, resulting in $160,714 per unit and $283 per square foot.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Units: 14
  • Price Per Unit: $160,714
  • Square Footage: 7,948
  • Price Per Square Foot: $283
  • Address: 1421 North Wilmington Boulevard
  • Market: Wilmington

Olga Wright of Lyon Stahl Investment Real Estate represented the buyer in the transaction, while Todd Wohl of Premiere Estates International Real Estate represented the seller.

Players

Olga Wright

Lyon Stahl Investment Real Estate

Broker

$17.5M

vol

8 deals

Broker

Wilmington MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93