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2281 NE 2nd St, Ocala, FL, USA

RPH Multifamily Group - Marcus & Millichap Sells Ocala Multifamily For $11.35M
SOLDMultiFamily

RPH Multifamily Group - Marcus & Millichap Sells Ocala Multifamily For $11.35M

2281 NE 2nd St, Ocala, FL, USA

$11,350,000

$758/SF

Building Size

14,960 SF

Asset Type

MultiFamily

Closing

Oct 1, 2021

AI

Three multifamily properties located at 2281 NE 2nd St, 2311 NE 2nd St, and 2205 NE 2nd St in Ocala have been sold. The transaction took place on October 1, 2021. The properties were sold by an undisclosed seller to an undisclosed buyer. The total sale price for the three properties was $11,350,000. These properties comprise a total of 99 units, resulting in a price per unit of $114,646.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $11,350,000
  • Market: Ocala
  • Address: 2281 NE 2nd St, 2311 NE 2nd St, 2205 NE 2nd St
  • Units: 99
  • Price Per Unit: $114,646

The sale of these properties was facilitated by the RPH Multifamily Group, a part of Marcus & Millichap. The brokers involved in the deal were Jason Hague, Adam Podbelski, and Ned Roberts.

Players

Adam Podbelski

Marcus & Millichap

Broker

$130.8M

vol

19 deals

Broker

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

1.40%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93