PassiveInvesting.com Acquires Little River Multifamily For $78.4M
SOLD
$78,400,000
South Carolina
See Similar DealsMultiFamily
Sold 12/14/2022
SOLD
PassiveInvesting.com Acquires Little River Multifamily For $78.4M
943 Lilyturf Circle, Little River, South Carolina 29566, United States
See Similar DealsMultiFamily
Sold 12/14/2022
Summary
SOUTH CAROLINA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 943 Lilyturf Circle and 719 Lantern Walk Drive in Little River, SC has been sold. The transaction took place on 12/14/2022, with a sale price of $78,400,000. The property consists of 252 units, with a price per unit (PPU) of $311,111.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $78,400,000
- Address: 943 Lilyturf Circle and 719 Lantern Walk Drive, Little River, SC
- Market: Little River, SC
- Buyer: PassiveInvesting.com
- Brokers: Tai Cohen, John Phoenix & Louis Smart - Cushman & Wakefield
- Units: 252
- Price per Unit (PPU): $311,111
The deal was facilitated by the brokers Tai Cohen, John Phoenix, and Louis Smart from Cushman & Wakefield. PassiveInvesting.com acted as the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,181,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$278,538.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$371,656.00
Annual Debt Service$4,459,871.97
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