DCA Partners, LLC Acquires Daleville College Apartments For $2.1M
151 College Drive
$2,075,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 17, 2023
AI
DCA Partners, LLC recently acquired Daleville College Apartments in Daleville, Virginia for a total of $2,075,000. The multifamily property, located at 151 College Drive, consists of 20 units, resulting in a price per unit of $103,750.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,075,000
- Address: 151 College Drive, Daleville, VA
- Market: Daleville, VA
- Buyer: DCA Partners, LLC
- Seller: Daleville College Partners, LLC
- Broker: Clay Taylor - Cushman & Wakefield
- Units: 20
- Price per Unit: $103,750
In this deal, DCA Partners, LLC emerged as the buyer while Daleville College Partners, LLC was the seller. The transaction was facilitated by Clay Taylor from Cushman & Wakefield acting as the broker. This acquisition marks a significant addition to DCA Partners, LLC's real estate portfolio.
Edison 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
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93