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
Wilmington 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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93