Updated Dec 21, 2023
Marcus & Millichap Sells Crystal River Multifamily Property For $2.9M
6000 W Poplar Springs Cir, Crystal River, Fl 34429, Usa
$2,900,000
$2,346/SF
Building Size
1,236 SF
Asset Type
MultiFamily
Closing
Aug 19, 2020
About this deal
AI
Located at 6000 West Poplar Springs Circle, this multifamily property in Crystal River recently closed for a transaction value of $2,900,000. The property consists of 28 units, offering a per unit price of $103,571. Jason Hague, Adam Podbelski, and Ned Roberts from Marcus & Millichap represented the parties involved in this sale.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Units: 28
- Price Per Unit: $103,571
- Brokers: Jason Hague, Adam Podbelski & Ned Roberts - Marcus & Millichap
Jason Hague, Adam Podbelski, and Ned Roberts from Marcus & Millichap played a key role in facilitating this transaction. Their expertise and representation ensured a successful deal for all parties involved.
Players
Crystal River 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93