Albany Realty Group LLC Purchases Multifamily Property At 2133 Vandevere Road For $7.15M
SOLD
Georgia
See Similar DealsMultiFamily111,900 SF
Sold 12/23/2020
SOLD
Albany Realty Group LLC Purchases Multifamily Property At 2133 Vandevere Road For $7.15M
2133 Vandevere Road
See Similar DealsMultiFamily111,900 SF
Sold 12/23/2020
Summary
GEORGIA
Asset Type:MultiFamily
Price Per Square Foot:$63
Total Square Footage:111,900 SF
Transaction Type:Sale
The property asset involved in the transaction is a MultiFamily asset located at 2133 Vandevere Road in Augusta. The transaction price for this asset was $7,150,000.00, encompassing a total area of 111,900 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,150,000.00
- Address: 2133 Vandevere Road
- Market: Augusta
- Square Footage: 111,900.0
- Buyer: Albany Realty Group, LLC
- Broker 1: Ohad Babo - Kassin Sabbagh Realty
- Broker 2: Eli Maryl - GFI Realty Services
The transaction was facilitated by the brokers Ohad Babo representing Kassin Sabbagh Realty and Eli Maryl representing GFI Realty Services. Albany Realty Group, LLC was the buyer in this transaction.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$381,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,402.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,894.65
Annual Debt Service$406,735.77
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