Updated Oct 28, 2024
Walters, LLC Acquires Multifamily Property In Roanoke, Virginia For $1.285M
618 Day Avenue Southwest, Roanoke, VA, USA
$1,285,000
Units
17
Asset Type
MultiFamily
Closing
Nov 15, 2021
About this deal
AI
Walters, LLC has acquired a multifamily property located at 618 Day Avenue SW & 801 3rd Street SW in Roanoke, Virginia. The property, consisting of 17 units, was sold by XMT Virginia, LLC for a total price of $1,285,000. With a per unit price of $75,588, this transaction marks a significant investment in the Roanoke market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,285,000
- Address: 618 Day Avenue SW & 801 3rd Street SW, Roanoke, Virginia
- Buyer: Walters, LLC
- Seller: XMT Virginia, LLC
- Broker: Clay Taylor - Cushman & Wakefield | Thalhimer
- Units: 17
- Price Per Unit: $75,588
Clay Taylor from Cushman & Wakefield | Thalhimer represented the buyer, Walters, LLC, in this transaction. This deal showcases the strong presence and expertise of Clay Taylor in the Roanoke market.
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
12.34%
Cash-on-Cash
-3.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93