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
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.
Players
Tallahassee 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93