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1710 Woodmont Blvd, Nashvil...

Updated Oct 29, 2024

John Garibaldi Acquires Woodmont Blvd Multifamily From Woodmont Bible Church For $2.5M
SOLDMultiFamily

John Garibaldi Acquires Woodmont Blvd Multifamily From Woodmont Bible Church For $2.5M

1710 Woodmont Blvd, Nashville, TN37215, USA

$2,500,000

Building Size

Asset Type

MultiFamily

Closing

Dec 28, 2022

About this deal

AI

The multifamily property located at 1710 Woodmont Blvd in Nashville, TN has been sold. The property spans across 1.95 acres and was sold for a total price of $2,500,000. The seller of the property was Woodmont Bible Church, and the buyer was John Garibaldi.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Address: 1710 Woodmont Blvd, Nashville, TN
  • Market: Nashville, TN
  • Acres: 1.95
  • Buyer: John Garibaldi
  • Seller: Woodmont Bible Church

This transaction represents a successful sale of the multifamily property, with John Garibaldi acquiring the property from Woodmont Bible Church. The deal marks an important milestone for both the buyer and seller, as they navigate the real estate market in Nashville, TN.

Players

Nashville 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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