Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,250,000
$283/SF
MultiFamily
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Players
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