Updated Oct 28, 2024
T2 Capital Management Acquires Multifamily Property In Nashville, TN For $11.3M
633 Middleton Street, Nashville, Tennessee 37203, United States
$11,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 8, 2022
About this deal
AI
The 1.2-acre multifamily property located at 621-633 Middleton Street in Nashville, TN has been sold for a total of $11,300,000. The property boasts a prime location in a desirable market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,300,000
- Address: 621-633 Middleton Street, Nashville, TN
- Market: Nashville, TN
- Buyer: T2 Capital Management, LLC
- Seller: Plaza Middleton Investments, LLC
- Broker: Vickie Saito - Colliers
- Image: Vickie Saito
- Date: 06/09/2022
- Asset Type: Multifamily
- Acres: 1.2
The buyer, T2 Capital Management, LLC, acquired the property from Plaza Middleton Investments, LLC. The transaction was facilitated by Vickie Saito of Colliers, who represented both parties involved in the deal.
Players
Nashville-Davidson 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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93