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680 South 6th Street, Maccl...

The Grey Rock Group Acquires Multifamily Property In Macclenny For $2.5M
SOLDMultiFamily

The Grey Rock Group Acquires Multifamily Property In Macclenny For $2.5M

680 South 6th Street, Macclenny, FL, USA

$2,500,000

$568/SF

Building Size

4,395 SF

Asset Type

MultiFamily

Closing

Feb 28, 2021

AI

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.

Players

Kyle Shoemaker

Affordable Housing Investment Brokerage

Broker

$44M

vol

6 deals

Broker

Macclenny 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93