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Stonegate Manor LLC Acquires 66 Unit Multifamily Portfolio In Virginia For $6.27 Million

Property Image
SOLD
$6,269,000

Virginia

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MultiFamily
Sold 07/09/2025
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Property Image
SOLD

Stonegate Manor LLC Acquires 66 Unit Multifamily Portfolio In Virginia For $6.27 Million

821 Stonegate Drive & 101 Roberts Road Southwest

See Similar Deals
MultiFamily
Sold 07/09/2025
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:MultiFamily
Transaction Type:Sale

A 66-unit multifamily portfolio spanning two properties was sold for $6,269,000. This includes Stonegate Manor Apartments located at 821 Stonegate Drive in Salem and Hounds Chase Apartments at 101 Roberts Road Southwest in Roanoke, Virginia.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,269,000
  • Units: 66
  • Price Per Unit: $94,985
  • Seller: D & J Associates
  • Broker: Clay Taylor - Cushman & Wakefield

Stonegate Manor, LLC facilitated the acquisition of the multifamily properties, marking a notable transaction in the Salem and Roanoke markets. The sale took place on July 9, 2025, highlighting the continuing interest in multifamily investments in Virginia.

Players

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

Details

SOLD
IMAGE: 07/09/2025 ADDRESS: 821 Stonegate Drive & 101 Roberts Road Southwest MARKET: Salem & Roanoke, VA ASSET TYPE: Multifamily SELLER: D & J Associates BROKER: Clay Taylor - Cushman & Wakefield SALE PRICE: $6,269,000 UNITS: 66 ~ PPU: $94,985 NOTE: Stonegate Manor, LLC acquired a 66-unit multifamily portfolio in Virginia—Stonegate Manor Apartments in Salem and Hounds Chase Apartments in Roanoke—for $6.27 million on July 9, 2025.

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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