Frank May Acquires Land In Nashville, TN For $3.95M
114 2nd Avenue South Nashville, Tennessee 37201, USA
$3,950,000
Building Size
—
Asset Type
Land
Closing
Jun 12, 2023
About this deal
AI
The property asset involved in this transaction is a piece of land located at 114 2nd Avenue South in Nashville, TN. The transaction took place on June 12, 2023. The land was sold for a price of $3,950,000. The buyer of the land was Frank May, while the sellers were Edward Dubois Sr and Tatiana Kifa DuBois.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $3,950,000
- Address: 114 2nd Avenue South, Nashville, TN
- Buyer: Frank May
- Sellers: Edward Dubois Sr & Tatiana Kifa DuBois
The deal involved Frank May as the buyer of the land and Edward Dubois Sr and Tatiana Kifa DuBois as the sellers.
Players
Nashville Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93