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1110 Caliente Drive, Jackso...

Luke McCann & John Rutherford Sell 52-Unit Multifamily In Jacksonville For $4.3M
SOLDMultiFamily

Luke McCann & John Rutherford Sell 52-Unit Multifamily In Jacksonville For $4.3M

1110 Caliente Drive, Jacksonville, Florida 32211, United States

$4,300,000

$912/SF

Building Size

4,712 SF

Asset Type

MultiFamily

Closing

Jan 3, 2022

AI

The multifamily property located at 1110 Caliente Drive in Jacksonville has been sold for a total price of $4,300,000. The transaction took place on 01/03/2022 and was facilitated by brokers Luke McCann and John Rutherford from NAI Hallmark. This property consists of 52 units, with an average price per unit (PPU) of $82,692.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,300,000
  • Date: 01/03/2022
  • Address: 1110 Caliente Drive
  • Market: Jacksonville
  • Brokers: Luke McCann & John Rutherford - NAI Hallmark
  • Units: 52
  • Price per Unit (PPU): $82,692

This successful transaction was made possible through the expertise and efforts of brokers Luke McCann and John Rutherford from NAI Hallmark. They played a crucial role in representing the buyer and seller, ensuring a smooth and efficient sale process for all parties involved.

Players

John Rutherford

NAI Global

Broker

$191.8M

vol

18 deals

Broker

Jacksonville 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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93