Updated Oct 28, 2024
Pango Villager Investment Acquires Multifamily Property In Jacksonville For $2.2M
2951 Justina Road, Jacksonville, FL 32277
$2,225,000
$86/SF
Building Size
25,840 SF
Asset Type
MultiFamily
Closing
Sep 12, 2021
About this deal
AI
A multifamily property located at 2951 Justina Road in Jacksonville has recently been sold. The property consists of 40 units and was sold for a total price of $2,225,000, resulting in a price per unit of $55,625. The sale took place on September 12, 2021. The buyer of the property is Pango Villager Investment, while the seller is Villager Investment Properties, LLC. The transaction was facilitated by Luke McCann of NAI Hallmark.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,225,000
- Units: 40
- Price Per Unit: $55,625
This transaction showcases the successful collaboration between Pango Villager Investment and Villager Investment Properties, LLC. Luke McCann from NAI Hallmark played a crucial role as the broker in this deal, representing the parties involved.
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
7.13%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93