Choice Holdings LLC Acquires 17-Unit Multifamily Property From Gorgeous Real Estate For $1.08M In Roanoke VA
Compton Street Northeast
$1,076,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 8, 2024
AI
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.
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
14.74%
Cash-on-Cash
-4.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93