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3764 Rio Grande Avenue

Updated Dec 4, 2024

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

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

3764 Rio Grande Avenue

$12,000,000

Units

80

Asset Type

MultiFamily

Closing

Oct 2, 2023

About this deal

AI

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.

On the Map

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$12,000,000

MultiFamily

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Players

Jason Hague

Marcus & Millichap

Broker

$237.9M

vol

28 deals

Broker
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Orlando MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $150K per unit across 80 units on a published $12M (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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