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1648 S Palmetto Ave, South ...

RPH Multifamily Group Acquires Multifamily Property In South Daytona For $5.6M
SOLDMultiFamily

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

Adam Podbelski

Marcus & Millichap

Broker

$130.8M

vol

19 deals

Broker

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