Abiel Ballesteros, Sam Jazayri, & Rene Sanchez Acquire 41-Unit Multifamily In Jacksonville For $2.81M
SOLD
Florida
See Similar DealsMultiFamily37,106 SF
Sold 08/05/2020
SOLD
Abiel Ballesteros, Sam Jazayri, & Rene Sanchez Acquire 41-Unit Multifamily In Jacksonville For $2.81M
6650 103rd St, Jacksonville, FL 32210, USA
See Similar DealsMultiFamily37,106 SF
Sold 08/05/2020
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$75
Total Square Footage:37,106 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,983.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,320.83
Annual Debt Service$159,850.00
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