Updated Oct 28, 2024
AJS Equities Acquires 90-Unit Multifamily Property In Charlotte, NC For $9.7M
5221 Nevin Road, Charlotte, NC, USA
$9,700,000
$1,210/SF
Building Size
8,016 SF
Asset Type
MultiFamily
Closing
Oct 5, 2021
About this deal
AI
A multifamily property located at 5221 Nevin Road in Charlotte, NC has been sold for a total of $9,700,000. The property spans across 6.33 acres and consists of 90 units, resulting in a per unit price of $107. The transaction took place on October 5, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,700,000
- Address: 5221 Nevin Road, Charlotte, NC
- Market: Charlotte, NC
- Acres: 6.33
- Buyer: AJS Equities - Abe Serouya
- Seller: Peter Oprea
- Broker: Capstone
- Units: 90
- Price Per Unit: $107
The buyer in this transaction was AJS Equities represented by Abe Serouya. The seller of the property was Peter Oprea. The sale was facilitated by Capstone.
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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93