Abiel Ballesteros, Sam Jazayri, & Rene Sanchez Acquire 41-Unit Multifamily In Jacksonville For $2.81M
6650 103rd St, Jacksonville, FL 32210, USA
$2,810,000
$75/SF
Building Size
37,106 SF
Asset Type
MultiFamily
Closing
Aug 4, 2020
AI
The multifamily property located at 6650 103rd Street in Jacksonville has been sold for $2,810,000. The property consists of 41 units with a price per unit of $68,536. The transaction took place on 08/05/2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,810,000
- Units: 41
- Price per unit: $68,536
The seller of the property was Jax ECR LLC. The buyers, representing Concession Management LLC, include Abiel Ballesteros, Sam Jazayri, and Rene Sanchez. Steven McAdoo from Prime Realty Commercial Real Estate served as the broker in the deal.
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
5.65%
Cash-on-Cash
-1.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93