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612 Bass Court

Covenant Capital Group Acquires Whispering Hills Apartments In Dunedin For $14.6M
SOLDMultiFamily

Covenant Capital Group Acquires Whispering Hills Apartments In Dunedin For $14.6M

612 Bass Court

$14,600,000

Units

160

Asset Type

MultiFamily

Closing

Nov 30, 2023

AI

Whispering Hills Apartments in Dunedin has been sold in a transaction valued at $14,600,000. The multifamily property, located at 612 Bass Court in the Dunedin market, consists of 160 units with a price per unit of $91,250. The buyer, Covenant Capital Group, comprising Rick Scarola and Govan White, acquired the property from Dominion Realty, represented by Ryan Prock.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $14,600,000
  • Units: 160
  • Price per Unit: $91,250

The Whispering Hills Apartments offer a range of one- to three-bedroom units with various amenities. Conveniently located less than a mile from downtown Dunedin, this community presents an attractive residential option for residents.

Players

CG
Covenant Capital GroupBuyer

Dunedin 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

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93