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5548 Playa Way, Jacksonvill...

Luke McCann Of NAI Hallmark Sells 27-Unit Multifamily Property In Jacksonville For $2.43M
SOLDMultiFamily

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

Luke McCann

NAI Global

Broker

$163.4M

vol

19 deals

Broker

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