Armando Bravo & Neyda Bravo Acquire 102-acre Development Site In Ellijay, GA For $2.8M
2355 Orchard Lane, Ellijay, Georgia 30175, United States
$2,784,600
Building Size
—
Asset Type
Development Site
Closing
Dec 14, 2021
AI
Armando Bravo and Neyda Bravo have purchased a development site located at 2355 Orchard Ln in Ellijay, GA. The property spans across 102 acres and consists of 29 lots. The transaction was completed on 12/14/2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,784,600
- Address: 2355 Orchard Ln, Ellijay, GA
- Market: Ellijay, GA
- Acres: 102
- Lots: 29
The seller of the property was Sam Broady. Bravo and Partners represented the buyers, Armando Bravo and Neyda Bravo, in the deal. Alan Dover, from CENTURY 21, acted as the broker for the transaction.
Players
Talking Rock Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.70%
Cash-on-Cash
-1.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93