Updated Oct 28, 2024
The Grey Rock Group LLC Acquires Palatka Multifamily For $4.85M
301 Kay Larkin Dr, Palatka, FL 32177, USA
$4,850,000
Units
138
Asset Type
MultiFamily
Closing
Apr 26, 2022
About this deal
AI
The property involved in this closed transaction is a multifamily asset located at 301 Kay Larkin Dr & 2501 Prosper St in Palatka. The transaction took place on 04/27/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,850,000
- Units: 138
- Price per Unit (PPU): $35,145
- Market: Palatka
The buyer in this transaction is The Grey Rock Group LLC. The brokers involved in this deal are Kyle Shoemaker and Bill Brading from Affordable Housing Investment Brokerage Inc.
Kyle Shoemaker represented the buyer in this transaction, while Bill Brading represented the seller.
On the Map
$4,850,000
MultiFamily
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Players
Palatka 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
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93