The Grey Rock Group Acquires Multifamily Property In Macclenny For $2.5M
SOLD
$2,500,000
Florida
See Similar DealsMultiFamily4,395 SF
Sold 03/01/2021
SOLD
The Grey Rock Group Acquires Multifamily Property In Macclenny For $2.5M
680 South 6th Street, Macclenny, FL, USA
See Similar DealsMultiFamily4,395 SF
Sold 03/01/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$568
Total Square Footage:4,395 SF
Transaction Type:Sale
The multifamily property located at 680 S 6th St in Macclenny has been sold for a price of $2,500,000. The transaction took place on 03/01/2021. The property consists of 50 units, with a per unit price of $50,000. It was acquired by The Grey Rock Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Date: 03/01/2021
- Address: 680 S 6th St
- Market: Macclenny
- Units: 50
- Price Per Unit: $50,000
The sale of this property was facilitated by Kyle Shoemaker, Jeff Clousing, and Dan Piatkowski from Affordable Housing Investment Brokerage Inc. (AHIB). They represented The Grey Rock Group in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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