Updated Oct 28, 2024
RealSource Acquires Multi Family Property In Charlotte, NC For $9.2M
3145 Baroda Lane, Charlotte, NC 28269
$9,218,000
$182/SF
Building Size
50,568 SF
Asset Type
MultiFamily
Closing
Jan 28, 2022
About this deal
AI
Real estate company RealSource has acquired a multi-family property located at 3145 Baroda Lane in Charlotte, NC. The transaction took place on January 28, 2022, with a sale price of $9,218,000. The property consists of 55 units, with an average price per unit of $167,600. The total square footage of the property is 50,568, with a price per square foot of $182.
Summary of Transaction Details
- Property Type: Multi Family
- Transaction Amount: $9,218,000
- Units: 55
- Price per Unit: $167,600
- Square Footage: 50,568
- Price per Square Foot: $182
The sale was facilitated by broker Ron Corrao. The seller, Lucern Capital Partners, was represented by David Hansel, Frank Forte, and Mark Callazzo. RealSource, the buyer in this transaction, successfully acquired this multi-family property in Charlotte's real estate market.
Players
Charlotte 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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93