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
Ocala 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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93