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1274 Murfreesboro Pike Nash...

Updated Oct 29, 2024

Mendel Jacobson & Yosef Ajami Acquire Nashville Multifamily For $4.3M
SOLDMultiFamily

Mendel Jacobson & Yosef Ajami Acquire Nashville Multifamily For $4.3M

1274 Murfreesboro Pike Nashville, TN 37217, USA

$4,300,000

$168/SF

Building Size

25,540 SF

Asset Type

MultiFamily

Closing

Aug 23, 2023

About this deal

AI

A multifamily property located at 1274 Murfreesboro Pike in Nashville, TN has been sold for $4,300,000. The property consists of 33 units with an average price per unit of $130,303. The total square footage of the property is 25,540, resulting in a price per square foot of $168.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $4,300,000
  • Address: 1274 Murfreesboro Pike, Nashville, TN
  • Units: 33
  • Price per Unit: $130,303
  • Square Footage: 25,540
  • Price per Square Foot: $168

The buyers of the property are Mendel Jacobson and Yosef Ajami, representing Hands-Off Properties. They played a key role in this transaction, acquiring the multifamily asset. This deal demonstrates their expertise and growing portfolio in the Nashville market.

Players

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $168 per square foot on a published $4.3M for 25,540 square feet (2023).

Browse Tennessee multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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