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221 Fairforest Way, Greenvi...

Investors Management Group Acquires Multifamily Property In Greenville, SC For $64.4M
SOLDMultiFamily

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

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.

Players

IG
Investors Management GroupBuyer

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