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203 South Jonesville Boulev...

Anupam Gupta Acquires Multifamily Property In Jonesville, NC For $2.81M
SOLDMultiFamily

Anupam Gupta Acquires Multifamily Property In Jonesville, NC For $2.81M

203 South Jonesville Boulevard, Jonesville, North Carolina 28642, United States

$2,810,000

$81/SF

Building Size

34,436 SF

Asset Type

MultiFamily

Closing

Sep 29, 2022

AI

An apartment complex located at 203 S Jonesville Blvd in Jonesville, NC has been sold for a total price of $2,810,000. The multifamily property spans a total of 34,436 square feet, resulting in a price per square foot of $82.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,810,000
  • Property Address: 203 S Jonesville Blvd, Jonesville, NC
  • Market: Jonesville, NC

TrueRate Investments Sales, represented by Samuel Finkler, Audley Clarke, and Andrew Hyans, served as the brokers in this transaction. Anupam Gupta was the buyer of the property.

Players

Samuel Finkler

Besen Partners

Broker

$151.1M

vol

33 deals

Broker

Anupam Gupta

Buyer

$7.9M

vol

3 deals

Buyer

Jonesville 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

5.65%

Cash-on-Cash

-1.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93