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206 Williamson Road Southea...

Tazewell Development Sells Multifamily Property In Roanoke, VA For $14.6M
SOLDMultiFamily

Tazewell Development Sells Multifamily Property In Roanoke, VA For $14.6M

206 Williamson Road Southeast, Roanoke, Virginia 24011, United States

$14,600,000

Building Size

Asset Type

MultiFamily

Closing

Sep 29, 2022

AI

The multifamily property located at 206 Williamson Rd SE in Roanoke, VA has been sold for a total price of $14,600,000. The property consists of 82 units, resulting in a per unit price of $178,049. The sale transaction was completed on September 30, 2022.

Summary of transaction details

The sale of this multifamily property was facilitated by the brokerage team consisting of Anthony Liberto, Jorge Rosa, and Clay Taylor from Cushman & Wakefield. Tazewell Development acted as the seller in this transaction. The property's location in Roanoke, VA presents a significant investment opportunity in the multifamily market.

Players

Clay Taylor

Cushman & Wakefield

Broker

$92.7M

vol

18 deals

Broker

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

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93