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Choice Holdings LLC Acquires 17-Unit Multifamily Property From Gorgeous Real Estate For $1.08M In Roanoke VA

Property Image
SOLD
$1,076,000

Virginia

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MultiFamily
Sold 12/08/2024
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Property Image
SOLD

Choice Holdings LLC Acquires 17-Unit Multifamily Property From Gorgeous Real Estate For $1.08M In Roanoke VA

Compton Street Northeast

See Similar Deals
MultiFamily
Sold 12/08/2024
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involves a 17-unit multifamily property located at 1523 Compton Street Northeast in Roanoke, Virginia. The sale was finalized for a total amount of $1,076,000, resulting in a price per unit of $63,294.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,076,000
  • Buyer: Choice Holdings LLC
  • Seller: Gorgeous Real Estate, LLC
  • Broker: Clay Taylor - Cushman & Wakefield
  • Units: 17

Gorgeous Real Estate, LLC sold the apartment community to Choice Holdings LLC, which intends to implement a value-add strategy that includes extensive interior and exterior renovations to enhance the property.

Players

Clay Taylor
Cushman & Wakefield
Clay Taylor
18 deals$92.7M volume(863) 224-0835
BROKER

Details

SOLD
IMAGE: 12/08/2024 ADDRESS: 1523 Compton Street Northeast MARKET: Roanoke, VA ASSET TYPE: Multifamily BUYER: Choice Holdings LLC SELLER: Gorgeous Real Estate, LLC BROKER: Clay Taylor - Cushman & Wakefield SALE PRICE: $1,076,000 UNITS: 17 ~ PPU: $63,294 NOTE: Gorgeous Real Estate, LLC sold the 17-unit apartment community at 1523 Compton Street NE in Roanoke, Virginia, to Choice Holdings LLC for $1.08 million. The purchaser plans to pursue a value-add strategy with extensive interior and exterior renovations.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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