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Quattro Capital Acquires Stone Mountain Multifamily For $7.4M

Property Image
SOLD
$7,400,000

Georgia

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MultiFamily
Sold 06/29/2022
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Property Image
SOLD

Quattro Capital Acquires Stone Mountain Multifamily For $7.4M

481 Hambrick Road, Stone Mountain, Georgia 30083, United States

See Similar Deals
MultiFamily
Sold 06/29/2022
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Summary

GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 481 Hambrick Rd in Stone Mountain, GA has been sold at a price of $7,400,000. The property consists of 92 units, resulting in a per unit price of $80,435. The transaction took place on 06/29/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $7,400,000
  • Units: 92
  • Price Per Unit: $80,435

The buyer of the property is Quattro Capital, LLC, while the seller is Crown Bay Group, LLC - Steve Firestone.

Players

2 deals$30.8M volume
SELLER

2 deals$30.8M volume
SELLER

Details

SOLD
IMAGE: Steve Firestone DATE: 06/29/2022 ADDRESS: 481 Hambrick Rd MARKET: Stone Mountain, GA ASSET TYPE: Multifamily BUYER: Quattro Capital, LLC SELLER: Crown Bay Group, LLC - Steve Firestone SALE PRICE: $7,400,000 UNITS: 92 ~ PPU: $80,435

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$394,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,290.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,079.78
Annual Debt Service$420,957.30