Ridgewood Chester, LLC Acquires 7.33 Acre Multifamily Property In Chester, SC For $3.1M
200 York Street
$3,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 30, 2023
AI
An 7.33-acre multifamily property located at 200 York Street in Chester, South Carolina, has been sold for $3.1 million. The property, known as Chester Village Apartments, consists of 75 units, with each unit priced at approximately $41,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Address: 200 York Street
- Market: Chester, SC
- Acres: 7.33
- Buyer: Ridgewood Chester, LLC
- Brokers: Drew Babcock & Isabella Benucci - Marcus & Millichap
- Units: 75
- Price Per Unit: $41,333
Marcus & Millichap facilitated the sale of Chester Village Apartments, a 75-unit multifamily community in Chester, South Carolina. The transaction, which amounted to $3.1 million, represents a price of approximately $41,333 per unit. Drew Babcock and Isabella Benucci, from Marcus & Millichap, served as the brokers for this deal.
Players
Chester 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93