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Stonegate Manor LLC Acquires Multifamily Portfolio From D And J Associates For $6.27M

Property Image
SOLD
$6,269,000

Virginia

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MultiFamily
Sold 09/03/2025
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Property Image
SOLD

Stonegate Manor LLC Acquires Multifamily Portfolio From D And J Associates For $6.27M

821 Stonegate Drive & 101 Roberts Road Southwest

See Similar Deals
MultiFamily
Sold 09/03/2025
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale

A 66-unit multifamily portfolio was sold in Salem and Roanoke, VA, at a sale price of $6,269,000. The properties involved in the transaction were located at 821 Stonegate Drive and 101 Roberts Road Southwest, with a price per unit of $94,985.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $6,269,000
  • Buyer: Stonegate Manor, LLC
  • Seller: D and J Associates
  • Broker: Clay Taylor - Cushman & Wakefield
  • Units: 66

Cushman & Wakefield | Thalhimer facilitated the transaction, representing the seller, D and J Associates, in the sale of the portfolio, which included the Stonegate Manor and Hounds Chase Apartments.

Players

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

Details

SOLD
IMAGE: 09/03/2025 ADDRESS: 821 Stonegate Drive & 101 Roberts Road Southwest MARKET: Salem & Roanoke, VA ASSET TYPE: MultiFamily BUYER: Stonegate Manor, LLC SELLER: D and J Associates BROKER: Clay Taylor - Cushman & Wakefield SALE PRICE: $6,269,000 UNITS: 66 ~ PPU: $94,985 NOTE: Cushman & Wakefield | Thalhimer arranged the $6.27 million sale of a 66-unit multifamily portfolio in Salem and Roanoke, VA. Buyer Stonegate Manor, LLC acquired the Stonegate Manor and Hounds Chase Apartments, with Clay Taylor representing seller D and J Associates.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$334,346.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,272.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,718.26
Annual Debt Service$356,619.10