Tazewell Development Sells Multifamily Property In Roanoke, VA For $14.6M
SOLD
$14,600,000
Virginia
See Similar DealsMultiFamily
Sold 09/30/2022
SOLD
Tazewell Development Sells Multifamily Property In Roanoke, VA For $14.6M
206 Williamson Road Southeast, Roanoke, Virginia 24011, United States
See Similar DealsMultiFamily
Sold 09/30/2022
Summary
VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale
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
- Property Type: Multifamily
- Transaction Amount: $14,600,000
- Address: 206 Williamson Rd SE, Roanoke, VA
- Market: Roanoke, VA
- Seller: Tazewell Development
- Broker: Anthony Liberto, Jorge Rosa & Clay Taylor - Cushman & Wakefield
- Units: 82
- Per Unit Price: $178,049
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$778,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,870.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$69,211.45
Annual Debt Service$830,537.38
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