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Marcus & Millichap Sells 80-Unit Multifamily Courtyard Villas In Orlando For $12M

Property Image
SOLD
$12,000,000
Duane Anderson
Ned Roberts
Jason Hague

Florida

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MultiFamily
Sold 10/02/2023
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells 80-Unit Multifamily Courtyard Villas In Orlando For $12M

3764 Rio Grande Avenue

See Similar Deals
MultiFamily
Sold 10/02/2023
Duane Anderson
Ned Roberts
Jason Hague
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The Courtyard Villas, an 80-unit multifamily community located at 3764 Rio Grande Avenue in Orlando, Florida, has been sold for a total of $12 million. This sale was facilitated by Jason Hague, Ned Roberts, and Duane Anderson from the brokerage firm Marcus & Millichap. The property offers a price per unit of $150,000.

Summary of transaction details

Despite being previously listed at a lower price by a competing brokerage firm in the fourth quarter of the previous year, the Courtyard Villas attracted multiple offers during its sale. This showcased the successful marketing efforts and nationwide outreach implemented by Marcus & Millichap's brokers, Jason Hague, Ned Roberts, and Duane Anderson.

Players

Jason Hague
Marcus & Millichap
Jason Hague
26 deals$228.4M volume
BROKER
Ned Roberts
Marcus & Millichap
Ned Roberts
26 deals$190.8M volume
BROKER
Duane Anderson
Marcus & Millichap
Duane Anderson
10 deals$113.2M volume
BROKER

Details

SOLD
IMAGE: Jason Hague, Ned Roberts & Duane Anderson DATE: 10/02/2023 ADDRESS: 3764 Rio Grande Avenue MARKET: Orlando ASSET TYPE: Multifamily BROKERS: Jason Hague, Ned Roberts (@NedRoberts3) & Duane Anderson - Marcus & Millichap (@MarcusMillichapFl) SALE PRICE: $12,000,000 UNITS: 80 ~ PPU: $150,000 NOTE: Marcus & Millichap has sold the Courtyard Villas, an 80-unit multifamily community in Orlando, Florida, for $12 million. Despite being previously listed at a lower price by a competing brokerage firm in the fourth quarter of the previous year, the property attracted multiple offers, showcasing successful marketing efforts and nationwide outreach.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$640,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
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