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1748 Northeast 3rd Street, ...

Peacock Capital Acquires Ocala Multifamily For $3.17M
SOLDMultiFamily

Peacock Capital Acquires Ocala Multifamily For $3.17M

1748 Northeast 3rd Street, Ocala, FL, USA

$3,175,000

$3,342/SF

Building Size

950 SF

Asset Type

MultiFamily

Closing

Sep 22, 2021

AI

Located in Ocala, the multifamily property at 1748 NE 3rd Street & 1316 E Fort King Street has been sold in a closed transaction. The sale, which took place on September 23, 2021, involved a total of 32 units. The property was purchased by Peacock Capital from the seller, Roger Yates, at a sale price of $3,175,000. With a price per unit of $99,219, this multifamily asset proves to be a valuable investment.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,175,000
  • Units: 32
  • Price Per Unit (PPU): $99,219
  • Market: Ocala

The sale of this multifamily property was facilitated by the RPH Multifamily Group, representing the buyer Peacock Capital. The team of brokers involved in the transaction includes Jason Hague, Ned Roberts, and Adam Podbelskiof, all from Marcus & Millichap. Their expertise and negotiation skills played a crucial role in the completion of this deal.

Players

Adam Podbelski

Marcus & Millichap

Broker

$130.8M

vol

19 deals

Broker
PC
Peacock CapitalBuyer

Ocala MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.00%

Cash-on-Cash

-1.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93