Anupam Gupta Acquires Multifamily Property In Jonesville, NC For $2.81M
SOLD
North Carolina
See Similar DealsMultiFamily34,436 SF
Sold 09/30/2022
SOLD
Anupam Gupta Acquires Multifamily Property In Jonesville, NC For $2.81M
203 South Jonesville Boulevard, Jonesville, North Carolina 28642, United States
See Similar DealsMultiFamily34,436 SF
Sold 09/30/2022
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$81
Total Square Footage:34,436 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,983.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,320.83
Annual Debt Service$159,850.00
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