Updated Oct 28, 2024
Investors Management Group Acquires Multifamily Property In Greenville, SC For $64.4M
221 Fairforest Way, Greenville, South Carolina 29607, United States
$64,400,000
Units
305
Asset Type
MultiFamily
Closing
Sep 21, 2022
About this deal
AI
The multifamily property located at 221 Fairforest Way in Greenville, SC has been sold. The transaction took place on September 22, 2022, and the property was purchased by Investors Management Group. The sale price for the property was $64,400,000. The property consists of 305 units, resulting in a price per unit of $211,148.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $64,400,000
- Address: 221 Fairforest Way
- Market: Greenville, SC
- Units: 305
- Price Per Unit: $211,148
Investors Management Group acted as the buyer in this transaction. They represent the buyer's interests in the deal.
On the Map
$64,400,000
MultiFamily
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Players
Greenville 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93