Updated Oct 28, 2024
Fincapital Investments Acquires Multifamily In Jacksonville For $8.5M
1135 Bert Road, Jacksonville, Florida 32211, United States
$8,500,000
Units
78
Asset Type
MultiFamily
Closing
Apr 26, 2022
About this deal
AI
The multifamily property located at 1135 Bert Road and 7210-7220 Parker School Road in Jacksonville has been sold in a recent transaction. The property spans across 3.16 acres and consists of 78 units. The sale was facilitated by Luke McCann and John Rutherford of NAI Hallmark, who represented the buyer, Fincapital Investments, and the seller, TASS Investments. The transaction closed on April 27, 2022, with a sale price of $8,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $8,500,000
- Number of Units: 78
- Price Per Unit: $108,974
- Address: 1135 Bert Road & 7210-7220 Parker School Road, Jacksonville
- Market: Jacksonville
- Broker: Luke McCann & John Rutherford - NAI Hallmark
Fincapital Investments, the buyer in this transaction, acquired the property from TASS Investments. Luke McCann and John Rutherford of NAI Hallmark represented both parties in the deal. The sale of this multifamily property signifies a significant investment in the Jacksonville market, further contributing to the growth and development of the area.
On the Map
$8,500,000
MultiFamily
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Players
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93