Updated Oct 28, 2024
Chi Property Holdings Acquires Multifamily Property In Jacksonville For $3.4M
2877 Post Street, Jacksonville, Florida 32205, United States
$3,400,000
Units
24
Asset Type
MultiFamily
Closing
Aug 22, 2022
About this deal
AI
A multifamily property located at 2877-2887 Post St in Jacksonville has been sold for a price of $3,400,000. The property spans over 0.44 acres and consists of 24 units, resulting in a price per unit of $141,667. The transaction took place on 08/23/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Address: 2877-2887 Post St, Jacksonville
- Market: Jacksonville
- Acres: 0.44
The buyer of the property was Chi Property Holdings, while the seller was Pango Real Estate LLC. The broker representing the deal was Luke McCann from NAI Hallmark.
On the Map
$3,400,000
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93