Updated Oct 29, 2024
Pango Villager Apratments LLC Acquires Multifamily Property In Jacksonville For $3.45M
2951 Justina Road
$3,450,000
Units
3,450,000
Asset Type
MultiFamily
Closing
Mar 16, 2023
About this deal
AI
The multifamily property located at 2951 Justina Road in Jacksonville has been sold for a total price of $3,450,000. Spanning across 1.42 acres, this property offers 40 units, resulting in a price per unit of $86,250. The transaction took place on 03/16/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,450,000
- Address: 2951 Justina Road, Jacksonville
- Market: Jacksonville
- Asset Type: Multifamily
- Acres: 1.42
PANGO Villager Apratments LLC has acquired the property, with Pango Real Estate acting as the seller. The deal was facilitated by Luke McCann and Andrew Tyrrell of NAI Hallmark, serving as the brokers for both the buyer and seller.
On the Map
$3,450,000
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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93