Updated Oct 29, 2024
Restoration Turnkey Investments, LLC Acquires Roanoke Multifamily For $1.1M
1609 19th Street Northeast, Roanoke, Virginia 24012, United States
$1,137,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 24, 2023
About this deal
AI
A multifamily property located at 1609 19th Street NE in Roanoke, VA has been sold for a price of $1,137,000. The property is owned by Restoration Turnkey Investments, LLC.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,137,000
- Market: Roanoke, VA
- Buyer: Restoration Turnkey Investments, LLC
- Broker: Clay Taylor, CCIM - Cushman & Wakefield
Clay Taylor, CCIM from Cushman & Wakefield represented the buyer, Restoration Turnkey Investments, LLC, in this transaction.
The multifamily sale at 1609 19th Street Northeast, Roanoke, Virginia 24012, United States in Roanoke, Virginia sold for $1.1M in 2023. 1609 19th Street Northeast, Roanoke, Virginia 24012, United States is classified as Multifamily on Traded. Clay Taylor, Cushman & Wakefield appear on the sale alongside Cushman & Wakefield. This page is the Roanoke, Virginia file for the 1609 19th Street Northeast, Roanoke, Virginia 24012, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Roanoke sit in the Market section below. Filter that Roanoke multifamily set by closing date to see what else sold near 1609 19th Street Northeast, Roanoke, Virginia 24012, United States around 2023. Published consideration for 1609 19th Street Northeast, Roanoke, Virginia 24012, United States is $1.1M, dated 2023. Cite this Restoration Turnkey Investments, LLC Acquires Roanoke Multifamily For $1.1M sale when underwriting similar multifamily product around Roanoke, Virginia.
Roanoke 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
13.95%
Cash-on-Cash
-3.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93