Quattro Capital Acquires Stone Mountain Multifamily For $7.4M
SOLD
$7,400,000
Georgia
See Similar DealsMultiFamily
Sold 06/29/2022
SOLD
Quattro Capital Acquires Stone Mountain Multifamily For $7.4M
481 Hambrick Road, Stone Mountain, Georgia 30083, United States
See Similar DealsMultiFamily
Sold 06/29/2022
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.
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Deal Type
30 years
10 years
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
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