Updated Oct 29, 2024
Clear Blue Co Acquires 400-Unit Multifamily Property In Louisville, KY For $57M
2204 Deercross Drive, Louisville, Kentucky 40220, United States
$57,000,000
Units
400
Asset Type
MultiFamily
Closing
Jul 12, 2022
About this deal
AI
The multifamily property located at 2204 Deercross Drive in Louisville, KY has been sold. The transaction took place on 12/07/2022, with Clear Blue Co as the buyer. The sale price for the property was $57,000,000. The property consists of 400 units, resulting in a price per unit (PPU) of $142,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $57,000,000
- Address: 2204 Deercross Drive, Louisville, KY
- Market: Louisville, KY
- Buyer: Clear Blue Co
- Units: 400
- PPU: $142,500
The buyer, Clear Blue Co, represented themselves in this transaction.
Players
Louisville 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93