Updated Oct 28, 2024
RealSource Properties Acquires Multifamily In Georgetown, KY For $47M
115 Magnolia Drive, Georgetown, Kentucky 40324, United States
$47,000,000
Units
228
Asset Type
MultiFamily
Closing
Oct 3, 2022
About this deal
AI
The multifamily property located at 115 Magnolia Drive in Georgetown, KY has been sold for $47,000,000. This transaction included 228 units, resulting in a price per unit of $206,140.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $47,000,000
- Units: 228
- Price per unit: $206,140
The buyer in this deal is RealSource Properties, represented by Nate Hanks.
The multifamily sale at 115 Magnolia Drive, Georgetown, Kentucky 40324, United States in Georgetown, Kentucky sold for $47M in 2022. Reported inventory is 228 units across 228 units. This page is the Georgetown, Kentucky file for the 115 Magnolia Drive, Georgetown, Kentucky 40324, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Georgetown sit in the Market section below. Filter that Georgetown multifamily set by closing date to see what else sold near 115 Magnolia Drive, Georgetown, Kentucky 40324, United States around 2022. Published consideration for 115 Magnolia Drive, Georgetown, Kentucky 40324, United States is $47M, dated 2022. Cite this RealSource Properties Acquires Multifamily In Georgetown, KY For $47M sale when underwriting similar multifamily product around Georgetown, Kentucky.
Players
Georgetown 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93