Bobby Diaz Of Diaz Construction LLC Sells 100-Unit Multifamily Property In Valdosta For $18.3M
805 Harmon Drive
$18,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 8, 2025
AI
The multifamily asset sold is the 100-unit 805 Harmon Heights Apartments & Condos located at 805 Harmon Drive in Valdosta, GA. The property was transacted for a total of $18.3 million, equating to $183,000 per unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $18,300,000
- Units: 100
- Price Per Unit: $183,000
- Seller: Bobby Diaz - Diaz Construction LLC
- Broker Representatives: John Leonard & John Brigel - Marcus & Millichap
The transaction was concluded with an undisclosed buyer based in Tennessee. Bobby Diaz represented the selling entity, Diaz Construction LLC, while John Leonard and John Brigel acted as the brokerage representatives facilitating the sale through Marcus & Millichap.
Players
Valdosta 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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93