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Prudent Growth Partners Sells River Pointe Commons Multifamily In Dallas For $6 Million
SOLD
$6,000,000
Georgia
See Similar DealsMultiFamily22,665 SF
Sold 03/18/2026
SOLD
Prudent Growth Partners Sells River Pointe Commons Multifamily In Dallas For $6 Million
49 Hoisery Mill Road
See Similar DealsMultiFamily22,665 SF
Sold 03/18/2026
Summary
GEORGIA
Asset Type:MultiFamily
Price Per Square Foot:$264
Total Square Footage:22,665 SF
Transaction Type:Sale
49 Hoisery Mill Road is a multifamily asset located in Dallas, GA. The property encompasses 22,665 square feet and was transacted for $6 million, translating to a price per square foot of approximately $265.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Square Footage: 22,665
- Address: 49 Hoisery Mill Road
- Market: Dallas, GA
- Seller: Tom Hahn - Prudent Growth Partners
Prudent Growth Partners originally acquired the property for $4.85 million in December 2022, indicating a significant appreciation in value since that purchase. Tom Hahn represented Prudent Growth Partners in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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