Kingswood Equity Partners Sells 12-Unit Multifamily In Orange Park For $1.77M
1357 Kingsley Avenue, Orange Park, Florida 32073, United States
$1,775,000
Units
12
Asset Type
MultiFamily
Closing
Jan 8, 2023
AI
Located in Orange Park, the multifamily property at 1357 Kingsley Avenue has recently been sold. The transaction took place on 01/09/2023, with a sale price of $1,775,000. The property sits on a spacious 1.6-acre lot and features 12 units, resulting in a price per unit (PPU) of $147,917. Andrew Tyrrell and Luke McCann, representing NAI Hallmark, facilitated the sale on behalf of the seller, Kingswood Equity Partners.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,775,000
- Address: 1357 Kingsley Avenue
- Market: Orange Park
- Acres: 1.6
- Units: 12
- Price per Unit: $147,917
Andrew Tyrrell and Luke McCann, of NAI Hallmark, played a pivotal role as brokers in this transaction. They represented the buyer and seller, respectively, ensuring a successful deal for both parties involved.
Players
Orange Park 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
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93