facebook
Traded Co logo
Submit
Daily limit: 0/10

Mid Atlantic Funding LLC Acquires Multifamily Portfolio In Salem VA From Bandy-King Properties LLC For $1.32M

Property Image
SOLD
$1,324,575
Clay Taylor
Briggs Cooper

Virginia

See Similar Deals
MultiFamily
Sold 10/29/2025
the dealplayerscompscontact
Property Image
SOLD

Mid Atlantic Funding LLC Acquires Multifamily Portfolio In Salem VA From Bandy-King Properties LLC For $1.32M

800 Kerner Avenue, 806 Kerner Avenue, 810 Roanoke Boulevard & 815 Roanoke Boulevard

See Similar Deals
MultiFamily
Sold 10/29/2025
Clay Taylor
Briggs Cooper
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involves a three-building, 12-unit multifamily portfolio located at 800 Kerner Avenue, 806 Kerner Avenue, 810 Roanoke Boulevard, and 815 Roanoke Boulevard in Salem, VA. The sale price for this property was $1,324,575, resulting in a price per unit of $110,381 with the intent for potential value-add renovations to the units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,324,575
  • Units: 12
  • Buyer: Mid Atlantic Funding, LLC
  • Seller: Bandy-King Properties, L.L.C
  • Market: Salem, VA
  • Brokers: Clay Taylor & Briggs Cooper - Cushman & Wakefield

Cushman & Wakefield | Thalhimer facilitated the transaction, representing the parties involved in this sale. The properties are strategically located near key amenities such as the Salem Civic Center and Carilion Clinic Field, which may enhance their rental appeal.

Players

Clay Taylor
Cushman & Wakefield
Clay Taylor
18 deals$92.7M volume(863) 224-0835
BROKER
Briggs Cooper
Cushman & Wakefield
Briggs Cooper
2 deals$3M volume(540) 676-2610
BROKER
Cushman & Wakefield
Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: 10/29/2025 ADDRESS: 800 Kerner Avenue, 806 Kerner Avenue, 810 Roanoke Boulevard & 815 Roanoke Boulevard MARKET: Salem, VA ASSET TYPE: Multifamily BUYER: Mid Atlantic Funding, LLC SELLER: Bandy-King Properties, L.L.C BROKERS: Clay Taylor & Briggs Cooper - Cushman & Wakefield SALE PRICE: $1,324,575 UNITS: 12 ~ PPU: $110,381 NOTE: Cushman & Wakefield | Thalhimer facilitated the $1.32M sale of a three-building, 12-unit multifamily portfolio in Salem, VA, to Mid Atlantic Funding, LLC. The properties, located near the Salem Civic Center and Carilion Clinic Field, offer one- and two-bedroom units poised for value-add renovations.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$70,644.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,705.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,279.16
Annual Debt Service$75,349.94