Updated Oct 28, 2024
JT Capital Acquires Multifamily Property In Maitland From Carter-Haston For $29M
430 East Packwood Avenue, Maitland, FL 32751
$29,000,000
$1,690/SF
Building Size
17,160 SF
Asset Type
MultiFamily
Closing
Jun 30, 2020
About this deal
AI
An apartment complex located at 430 East Packwood Ave in Maitland has been sold for $29,000,000. The multifamily property consists of 129 units, yielding an average price per unit of $224,806.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $29,000,000
- Units: 129
- Price Per Unit: $224,806
JT Capital has acquired the property from Carter-Haston. The transaction was facilitated by Jay Ballard and Ken DelVillar from JLL.
The multifamily sale at 430 East Packwood Avenue, Maitland, FL 32751 in Maitland, Florida sold for $29M in 2020. Reported inventory is 17,160 square feet across 128 units, or about 1.7K per square foot. Ken DelVillar, Jay Ballard, Carter Haston, JLL appear on the sale alongside JLL. This page is the Maitland, Florida file for the 430 East Packwood Avenue, Maitland, FL 32751 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Maitland sit in the Market section below. Filter that Maitland multifamily set by closing date to see what else sold near 430 East Packwood Avenue, Maitland, FL 32751 around 2020. Published consideration for 430 East Packwood Avenue, Maitland, FL 32751 is $29M, dated 2020. Cite this JT Capital Acquires Multifamily Property In Maitland From Carter-Haston For $29M sale when underwriting similar multifamily product around Maitland, Florida.
Players
Maitland 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93