Eagleview Capital Acquires Multifamily Portfolio In Winston-Salem For $10.5M
SOLD
North Carolina
See Similar DealsMultiFamily154,000 SF
Sold 11/30/2021
SOLD
Eagleview Capital Acquires Multifamily Portfolio In Winston-Salem For $10.5M
2680 Bethabara Road, Winston-Salem, North Carolina 27106, United States
See Similar DealsMultiFamily154,000 SF
Sold 11/30/2021
Summary
NORTH CAROLINA
Asset Type:MultiFamily
Price Per Square Foot:$68
Total Square Footage:154,000 SF
Transaction Type:Sale
The multifamily property located at 2680 Bethabara Road, 2367 Bethabara Road, and 4349 Grove Avenue in Winston-Salem, NC has been sold. The transaction took place on November 30, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Units: 173
- Price per Unit: $60,695
- Square Footage: 154,000
- Price per Square Foot: $68
The buyer of the property was Eagleview Capital, while the seller was Wickenden Partners represented by Cyrus Mojdehi and Danny Hirschberg. The deal was facilitated by the broker, Michael Deaton.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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