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501 Walnut Avenue Southeast

Mid Atlantic Funding LLC Acquires 18 Unit Walnut Knoll Apartments From DSA Realty Enterprises For $1.71M
SOLDMultiFamily

Mid Atlantic Funding LLC Acquires 18 Unit Walnut Knoll Apartments From DSA Realty Enterprises For $1.71M

501 Walnut Avenue Southeast

$1,710,000

Building Size

Asset Type

MultiFamily

Closing

Oct 10, 2025

AI

The 501 Walnut Avenue Southeast, located in Roanoke, VA, features 18 multifamily units. This asset was sold for $1,710,000, resulting in a price per unit of $95,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,710,000
  • Buyer: Mid Atlantic Funding, LLC
  • Seller: DSA Realty Enterprises, LLC
  • Units: 18
  • Price Per Unit: $95,000
  • Market: Roanoke, VA
  • Brokers: Clay Taylor & Briggs Cooper - Cushman & Wakefield

Cushman & Wakefield's Capital Markets Group represented DSA Realty Enterprises in the sale, facilitating the transaction between the buyer and seller. The deal reflects a significant addition to Mid Atlantic Funding's portfolio in the multifamily sector.

Players

Clay Taylor

Cushman & Wakefield

Broker

$92.7M

vol

18 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

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

9.28%

Cash-on-Cash

-2.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93