Private Investor Acquires Eastern Avenue Portfolio In Roanoke For $1.205M
1912 Eastern Avenue Northeast
$1,205,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 5, 2024
AI
The Eastern Avenue portfolio in Roanoke, VA, consisting of seven duplexes, was recently sold for $1,205,000. The properties are conveniently located near downtown Roanoke with easy access to U.S. Route 460.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,205,000
- Address: 1912 Eastern Avenue Northeast
- Market: Roanoke, VA
Clay Taylor, CCIM, represented the seller, Eastern Ave Portfolio LLC, in this transaction. The sale was facilitated by Cushman & Wakefield | Thalhimer’s Capital Markets Group. A private investor acquired the properties as part of the Eastern Avenue portfolio.
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
13.16%
Cash-on-Cash
-3.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93