Updated Dec 21, 2023
Luke McCann Of NAI Hallmark Brokers $4.25M Sale Of 60-Unit Multifamily Property In Jacksonville
5824 Justina Court, Jacksonville, FL 32277
$4,250,000
Units
60
Asset Type
MultiFamily
Closing
Jan 25, 2022
About this deal
AI
The recently closed property transaction in Jacksonville involved a multifamily asset located at 5824 Justina Court & 3273 Justina Road. The property spans an area of 1.19 acres, offering a spacious and attractive investment opportunity.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,250,000
- Units: 60
- Price per Unit: $70,833
- Date: 01/25/2022
- Market: Jacksonville
The deal was facilitated by Luke McCann from NAI Hallmark. As the broker representing the transaction, Luke McCann played a crucial role in ensuring a successful and smooth closing process for all parties involved.
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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93