Updated Dec 20, 2023
Marcus & Millichap Sells Tallahassee Multifamily Property For $1.4M With Brokers David Vaughan, Ray Turchi & Rob Wright
1824 W Tharpe St, Tallahassee, FL, USA
$1,400,000
$148/SF
Building Size
9,450 SF
Asset Type
MultiFamily
Closing
Mar 3, 2021
About this deal
AI
An apartment complex located at 1824 W Tharpe St in Tallahassee has been sold for $1,400,000. This multifamily property consists of 24 units, resulting in a price per unit of $58,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Units: 24
- Price Per Unit: $58,333
The sale of this property was facilitated by Marcus & Millichap, with brokers David Vaughan, Ray Turchi, and Rob Wright representing the parties involved in the transaction.
The multifamily sale at 1824 W Tharpe St, Tallahassee, FL, USA in Tallahassee, Florida sold for $1.4M in 2021. Reported inventory is 9,450 square feet across 24 units, or about 148 per square foot. Robert (Rob) Wright, Ray Turchi, David Vaughan, Newmark appear on the sale alongside Newmark, Marcus & Millichap. This page is the Tallahassee, Florida file for the 1824 W Tharpe St, Tallahassee, FL, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Tallahassee sit in the Market section below. Filter that Tallahassee multifamily set by closing date to see what else sold near 1824 W Tharpe St, Tallahassee, FL, USA around 2021. Published consideration for 1824 W Tharpe St, Tallahassee, FL, USA is $1.4M, dated 2021. Cite this Marcus & Millichap Sells Tallahassee Multifamily Property For $1.4M With Brokers David Vaughan, Ray Turchi & Rob Wright sale when underwriting similar multifamily product around Tallahassee, Florida.
Players
Tallahassee 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93