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
Jacksonville 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93