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1357 Kingsley Avenue, Orang...

Kingswood Equity Partners Sells 12-Unit Multifamily In Orange Park For $1.77M
SOLDMultiFamily

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

Building Size

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

Luke McCann

NAI Global

Broker

$163.4M

vol

19 deals

Broker

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