Luke McCann Of NAI Hallmark Sells 27-Unit Multifamily Property In Jacksonville For $2.43M
5548 Playa Way, Jacksonville, Florida 32211, United States
$2,430,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 27, 2022
AI
A multifamily property located at 5548 Playa Way in Jacksonville has been sold for a price of $2,430,000. The property sits on approximately 0.66 acres of land and consists of 27 units. The sale was facilitated by Luke McCann from NAI Hallmark.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,430,000
- Address: 5548 Playa Way, Jacksonville
- Market: Jacksonville
- Acres: 0.66
The deal was made on 02/28/2022, with Luke McCann representing NAI Hallmark as the broker. The purchase price for the property was $2,430,000, resulting in a per unit price of $90,000.
Players
Jacksonville 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
6.53%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93