Updated Sep 5, 2024
One South Commercial Acquires Petersburg Multifamily Portfolio For $16.85M
214 North Dunlop Street, 7 South Market Street, 15 North Union Street & 9 South Market Street
$16,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 3, 2023
About this deal
AI
The multifamily property located at 214 N Dunlop St, 7 S Market St, 15 N. Union St & 9 S Market St in Petersburg, VA has been sold for a total price of $16,850,000. The transaction took place on 02/03/2023.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,850,000
- Address: 214 N Dunlop St, 7 S Market St, 15 N. Union St & 9 S Market St, Petersburg, VA
- Market: Petersburg, VA
- Brokers: Ryan Rilee & Tom Rosman from One South Commercial
Ryan Rilee and Tom Rosman from One South Commercial were the brokers involved in this transaction. They represented the parties in the deal.
Players
Petersburg 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93