Updated Oct 29, 2024
DeVanDylan Capital Partners LLC Acquires Multifamily Property In Forest Park, GA For $10.3M
1466 Rockcut Road Forest Park, Georgia 30297, USA
$10,300,000
Building Size
—
Asset Type
MultiFamily
Closing
May 19, 2023
About this deal
AI
DeVanDylan Capital Partners LLC, represented by Steve P. Morrows, has acquired a multifamily property located at 1466 Rockcut Road in Forest Park, GA. The property was sold for a total price of $10,300,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,300,000
- Buyer: DeVanDylan Capital Partners LLC - Steve P. Morrows
This transaction highlights the successful acquisition of a multifamily property in Forest Park, GA. DeVanDylan Capital Partners LLC, led by its representative Steve P. Morrows, seized the opportunity to invest in this lucrative property.
Players
Forest Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93