Updated Oct 29, 2024
RAS Property Group Acquires Yulee Multifamily For $55.8M
125 Daydream Ave, Yulee, FL, USA
$55,800,000
$40,789/SF
Building Size
1,368 SF
Asset Type
MultiFamily
Closing
Mar 3, 2021
About this deal
AI
A multifamily property located at 125 Daydream Ave in Yulee has been sold. The transaction took place on 03/04/2021 and was facilitated by RAS Property Group. The property consists of 279 units and spans an area of 12.7 acres. The purchase price for the property was $55,800,000, which results in an average price per unit of $200,000. The price per acre is calculated to be approximately $4,393,701.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $55,800,000
- Units: 279
- Price Per Unit: $200,000
- Acres: 12.7
- Price Per Acre: $4,393,701
RAS Property Group represented the buyer in this transaction.
Players
Yulee 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93