JT Capital Acquires Multifamily Property In Maitland From Carter-Haston For $29M
SOLD
$29,000,000
Florida
See Similar DealsMultiFamily17,160 SF
Sold 06/30/2020
SOLD
JT Capital Acquires Multifamily Property In Maitland From Carter-Haston For $29M
430 East Packwood Avenue, Maitland, FL 32751
See Similar DealsMultiFamily17,160 SF
Sold 06/30/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$1,690
Total Square Footage:17,160 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,546,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,030.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,474.80
Annual Debt Service$1,649,697.54
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