Updated Dec 20, 2023
Elevation Financial Group Brokers $13M Multifamily Sale In Columbus, GA
243 North Oakley Drive, Columbus, GA, USA
$13,000,000
$225/SF
Building Size
57,715 SF
Asset Type
MultiFamily
Closing
Mar 16, 2021
About this deal
AI
A multifamily property located at 243 Oakley Dr in Columbus, GA has been sold. The transaction took place on 03/17/2021 for a total price of $13,000,000. The property consists of 211 units, with a price per unit (PPU) of $61,611.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,000,000
- Address: 243 Oakley Dr, Columbus, GA
- Market: Columbus, GA
- Units: 211
- PPU: $61,611
The sale of this multifamily property was facilitated by Chris King of Elevation Financial Group. As the broker for the transaction, Chris King played a crucial role in connecting the buyer and seller and ensuring a successful deal.
Players
Columbus 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93