TrueRate Investments Sales Sells Elkin, NC Multifamily Property For $10.8M
SOLD
North Carolina
See Similar DealsMultiFamily98,250 SF
Sold
SOLD
TrueRate Investments Sales Sells Elkin, NC Multifamily Property For $10.8M
138 Sloop Street
See Similar DealsMultiFamily98,250 SF
Sold
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$109
Total Square Footage:98250 SF
Transaction Type:Sale
A multifamily property located at 138 Sloop Street in Elkin, NC has been sold for a price of $10,800,000. The property spans an area of 98,250 square feet, resulting in a price per square foot of $110.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,800,000
- Address: 138 Sloop Street, Elkin, NC
- Market: Elkin, NC
- Brokers: Samuel Finkler, Audley Clarke, Andrew Hyans - TrueRate Investments Sales
- SF: 98,250
- PPSF: $110
Samuel Finkler, Audley Clarke, and Andrew Hyans from TrueRate Investments Sales represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
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