Updated Oct 25, 2024
Christopher Stout & Alex Roth Acquire 117-Unit Multifamily Property In Fayetteville, NC For $10.25M
1100 Marlborough Road
$10,250,000
$85/SF
Building Size
119,925 SF
Asset Type
MultiFamily
Closing
Nov 30, 2022
About this deal
AI
The multifamily property located at 1100 Marlborough Road in Fayetteville, NC has been sold. The property consists of 117 units with a total square footage of 119,925. The sale price for this transaction was $10,250,000, resulting in a price per unit of $87,607 and a price per square foot of $85.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $10,250,000
- Units: 117
- Price per Unit: $87,607
- Square Footage: 119,925
- Price per Square Foot: $85
Christopher Stout and Alex Roth were the buyers of the property, while the seller was Floyd Family.
Players
Fayetteville 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
1.55%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93