Red Knight Ocala Paddock, LLC Acquires 61-Unit Multifamily In Ocala For $6M
1900 Southwest 31st Avenue, Ocala, Florida 34474, United States
$6,000,000
$130/SF
Building Size
45,820 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
AI
The multifamily property located at 1900 SW 31st Ave in Ocala has been sold for a total price of $6,000,000. The transaction took place on December 14, 2021. This property spans across 4.08 acres and offers 61 units, providing a per-unit price of $98,361. The total square footage of the property is 45,820, with a price per square foot of $131.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Address: 1900 SW 31st Ave
- Market: Ocala
- Total Acres: 4.08
- Number of Units: 61
- Price per Unit: $98,361
- Total Square Footage: 45,820
- Price per Square Foot: $131
The buyer of this property is Red Knight Ocala Paddock, LLC. The deal was facilitated by the broker representatives Jason Hague, Adam Podbelski, and Ned Roberts, from RPH Multifamily Group - Marcus & Millichap.
Players
Ocala 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93