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200 York Street

Ridgewood Chester, LLC Acquires 7.33 Acre Multifamily Property In Chester, SC For $3.1M
SOLDMultiFamily

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

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

Drew Babcock

Marcus & Millichap

Broker

$24.6M

vol

2 deals

Broker

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