PassiveInvesting.com Acquires Little River Multifamily For $78.4M
943 Lilyturf Circle, Little River, South Carolina 29566, United States
$78,400,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 14, 2022
AI
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.
Players
Little River 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93