SOLDMultiFamily
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
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.
Roanoke MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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