SOLDMultiFamily
TrueRate Investments Sales Sells Elkin, NC Multifamily Property For $10.8M
138 Sloop Street
$10,800,000
$109/SF
Building Size
98,250 SF
Asset Type
MultiFamily
Closing
Oct 28, 2022
AI
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.
Players
Elkin 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
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93