Updated Oct 28, 2024
Navarino Capital Management & Mayfair Investment Partners Acquire 89-Unit Multifamily In Jacksonville For $13M
2930 Stonemont Street, Jacksonville, Florida 32207, United States
$13,000,000
Units
89
Asset Type
MultiFamily
Closing
Aug 18, 2022
About this deal
AI
The multifamily property located at 2930 Stonemont St in Jacksonville was recently sold in a transaction. The property spans across 5.17 acres and is part of the Jacksonville market.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $13,000,000
- Number of Units: 89
- Price per Unit: $146,067
The buyers of the property were Navarino Capital Management and Mayfair Investment Partners, while the seller was Huber Equity Group. The deal was facilitated by brokers Luke McCann and John Rutherford from NAI Hallmark.
On the Map
$13,000,000
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93