Updated Oct 28, 2024
Navarino Capital Management & Mayfair Investment Partners Acquire Multifamily Property In Jacksonville For $6.25M
1865 Edgewood Avenue West, Jacksonville, Florida 32208, United States
$6,250,000
Units
54
Asset Type
MultiFamily
Closing
Jul 20, 2022
About this deal
AI
A multifamily property located at 1865 Edgewood Ave. W. in Jacksonville has been sold for $6,250,000. The property consists of 54 units, with a price per unit of $115,741. The sale took place on 07/21/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,250,000
The buyer of the property is Navarino Capital Management and Mayfair Investment Partners. The sellers include Gan Realty LLC, Alpha Jacksonville Holdings LLC, Gaerman Realty LLC, and Jax RE Block LLC. The deal was facilitated by brokers Luke McCann and John Rutherford from NAI Hallmark.
On the Map
$6,250,000
MultiFamily
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Players
Jacksonville 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93