Updated Oct 28, 2024
West 300 North Associates, LLC Acquires 230-Unit Multifamily Property In Richmond, VA For $76.5M
2517 West Tremont Court, Richmond, Virginia 23225, United States
$76,500,000
Units
230
Asset Type
MultiFamily
Closing
Sep 7, 2022
About this deal
AI
A multifamily property located at 2517 W Tremont Ct in Richmond, VA has been sold for a total price of $76,500,000. The property consists of 230 units, resulting in a price per unit of $332,609.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $76,500,000
- Address: 2517 W Tremont Ct, Richmond, VA
- Market: Richmond, VA
The buyer of the property is West 300 North Associates, LLC, while the seller is Stratford Bethany, LLC. The deal was facilitated by Garrison Gore, Charles Wentworth, G.S. Hankins, and Victoria Pickett from Colliers.
On the Map
$76,500,000
MultiFamily
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Players
Richmond 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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93