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
Dunedin 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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93