RJC Bentley Villas, LLC Acquires 48-Unit Multifamily Property In Leesburg For $5.16M
1175 Bentley Road, Leesburg, Florida 34748, United States
$5,160,000
$125/SF
Building Size
41,074 SF
Asset Type
MultiFamily
Closing
Feb 26, 2022
AI
The multifamily property located at 1175 Bentley Rd in Leesburg has been sold in a transaction worth $5,160,000. The property spans across 4.67 acres and consists of 48 units. With a total area of 41,074 square feet, the price per square foot amounts to $126. The buyer, RJC Bentley Villas, LLC, acquired the property from Bentley Apartments, LLC.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,160,000
- Units: 48
- Price Per Unit: $107,500
- Square Feet: 41,074
- Price Per Square Foot: $126
- Address: 1175 Bentley Rd
- Market: Leesburg
The sale was facilitated by the broker team consisting of Jason Hague, Adam Podbelski, Duane C. Anderson, and Ned Roberts from RPH Multifamily Group - Marcus & Millichap.
Players
Leesburg 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
3.07%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93