Mid Atlantic Funding Acquires Multifamily Portfolio In Vinton Virginia For $3,051,500
951 East Cleveland Avenue
$3,051,500
Building Size
—
Asset Type
MultiFamily
Closing
Mar 25, 2026
AI
The property asset involved in the transaction is a multifamily asset located at 951 East Cleveland Avenue in Vinton, VA. This asset consists of a total of 35 units and was sold for a price of $3,051,500, resulting in a price per unit of $87,186.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,051,500
- Units: 35
- Price Per Unit: $87,186
- Date of Sale: 03/25/2026
- Broker: Clay Taylor - Cushman & Wakefield
Mid Atlantic Funding, LLC was the acquiring entity in this transaction, having purchased a three-property multifamily portfolio in Roanoke County comprising the 35 units mentioned. The deal was facilitated by the brokerage services of Cushman & Wakefield | Thalhimer.
Vinton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93