facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

1824 W Tharpe St, Tallahass...

Marcus & Millichap Sells Tallahassee Multifamily Property For $1.4M With Brokers David Vaughan, Ray Turchi & Rob Wright
SOLDMultiFamily

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

David Vaughan

Marcus & Millichap

Broker

$43.5M

vol

8 deals

Broker

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