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
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.
Players
Maitland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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