Updated Oct 28, 2024
Fincapital Investments LLC Acquires 138-Unit Multifamily In Lakewood, Jacksonville For $17.85M
3534 Smithfield St, Jacksonville, FL, USA
$17,850,000
$152/SF
Building Size
117,272 SF
Asset Type
MultiFamily
Closing
Oct 8, 2021
About this deal
AI
A multifamily property located at 3534 Smithfield St in Lakewood, Jacksonville has been sold in a closed transaction. The property covers an area of 8.7 acres and was sold for a price of $17,850,000. The sale included a total of 138 units, resulting in a price per unit (PPU) of $129,348.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,850,000
- Address: 3534 Smithfield St
- Market: Lakewood, Jacksonville
- Asset Type: Multifamily
- Acres: 8.7
The buyer of the property was Fincapital Investments LLC, while the seller was Jax San Jose Apts. LP. The transaction was facilitated by broker John Rutherford from NAI Hallmark.
On the Map
$17,850,000
$152/SF
MultiFamily
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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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93