Updated Oct 22, 2025
Mid Atlantic Funding LLC Acquires 18 Unit Walnut Knoll Apartments From DSA Realty Enterprises For $1.71M
501 Walnut Avenue Southeast
$1,710,000
Units
18
Asset Type
MultiFamily
Closing
Oct 10, 2025
About this deal
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
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