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951 East Cleveland Avenue

Mid Atlantic Funding Acquires Multifamily Portfolio In Vinton Virginia For $3,051,500
SOLDMultiFamily

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.

Players

Clay Taylor

Cushman & Wakefield

Broker

$92.7M

vol

18 deals

Broker

Vinton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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