Walters, LLC Acquires Multifamily Property In Roanoke, Virginia For $1.285M
SOLD
$1,285,000
Virginia
See Similar DealsMultiFamily
Sold 11/15/2021
SOLD
Walters, LLC Acquires Multifamily Property In Roanoke, Virginia For $1.285M
618 Day Avenue Southwest, Roanoke, VA, USA
See Similar DealsMultiFamily
Sold 11/15/2021
Summary
VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$68,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,565.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,091.56
Annual Debt Service$73,098.67
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