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TrueRate Investments Sales Sells Elkin, NC Multifamily Property For $10.8M

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SOLD
$10,800,000

North Carolina

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MultiFamily98,250 SF
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Property Image
SOLD

TrueRate Investments Sales Sells Elkin, NC Multifamily Property For $10.8M

138 Sloop Street

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MultiFamily98,250 SF
Sold
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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.

Players

Samuel (Sam) Finkler
33 deals$151.1M volume(973) 870-2916
BROKER

Audley Clarke
TrueRate Services
8 deals$64.9M volume
BROKER

Andrew (AJ) Hyans
TrueRate Services
9 deals$67.3M volume
BROKER

Details

SOLD
IMAGE: Samuel Finkler, Audley Clarke & Andrew Hyans DATE: 10/28/2022 ADDRESS: 138 Sloop Street MARKET: Elkin, NC ASSET TYPE: Multifamily BROKERS: Samuel Finkler (@Sam_Finkler), Audley Clarke (@TheAudleyClarke), Andrew Hyans (@AJHyans) - TrueRate Investments Sales SALE PRICE: $10,800,000 SF: 98,250 ~ PPSF: $110

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Net Operating Income (NOI)

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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
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