Inman Equities Sells Multifamily Property In Jacksonville For $8.6M
6595 San Juan Avenue, Jacksonville, Florida 32210, United States
$8,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 30, 2022
AI
A multifamily property located at 6595 San Juan Ave in Jacksonville has been sold for a total price of $8,600,000. The property sits on approximately 3.1 acres and consists of 80 units. This translates to a price per unit of $107,500. The sale was facilitated by brokers Luke McCann and John Rutherford of NAI Hallmark, representing the seller, Inman Equities.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,600,000
- Address: 6595 San Juan Ave
- Market: Jacksonville
- Total Acres: 3.1
The sale of this multifamily property was successfully executed by Luke McCann and John Rutherford from NAI Hallmark, who served as the brokers representing Inman Equities. The transaction demonstrates their expertise and ability to navigate the real estate market in Jacksonville.
Players
Jacksonville 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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93