RPH Multifamily Group Acquires Multifamily Property In South Daytona For $5.6M
1648 S Palmetto Ave, South Daytona, FL, USA
$5,575,000
$108/SF
Building Size
51,508 SF
Asset Type
MultiFamily
Closing
Oct 19, 2021
AI
Located at 1648 S Palmetto Ave in South Daytona, this multifamily property was recently sold in a closed transaction. The property features 56 units and was sold at a price of $5,575,000, resulting in a per unit price of $99,554.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,575,000
- Address: 1648 S Palmetto Ave
- Market: South Daytona
The deal was facilitated by the team at RPH Multifamily Group - Marcus & Millichap. The brokers involved in the transaction were Jason Hague, Duane C. Anderson, Ned Roberts, and Adam Podbelski.
Players
Daytona Beach 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
2.85%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93