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2677 St Joseph Dr E, Dunedi...

RPH Multifamily Group Acquires Multifamily Property In Dunedin For $4.57M
SOLDMultiFamily

RPH Multifamily Group Acquires Multifamily Property In Dunedin For $4.57M

2677 St Joseph Dr E, Dunedin, FL, USA

$4,575,000

$271/SF

Building Size

16,860 SF

Asset Type

MultiFamily

Closing

Oct 13, 2021

AI

The multifamily property located at 2677 St Joseph Dr E and 2687 Woodette Drive in Dunedin has been sold for a price of $4,575,000. The property spans approximately 0.9 acres and consists of 20 units with a total square footage of 16,860. The price per unit is $228,750, while the price per square foot is $271.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,575,000
  • Address: 2677 St Joseph Dr E & 2687 Woodette Drive, Dunedin
  • Market: Dunedin
  • Acres: 0.9
  • Units: 20
  • Price per Unit: $228,750
  • Total Square Footage: 16,860
  • Price per Square Foot: $271

The sale was facilitated by the RPH Multifamily Group, represented by brokers Ned Roberts, Adam Podbelski, Jason Hague, and Sebastian Harris from Marcus & Millichap.

Players

Adam Podbelski

Marcus & Millichap

Broker

$130.8M

vol

19 deals

Broker

Palm Harbor 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

3.47%

Cash-on-Cash

-0.99%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93