Updated Dec 18, 2023
Marcus & Millichap Brokers Sell Montgomery Multifamily For $49.5M
8462 Eastchase Parkway, Montgomery, Alabama 36117, United States
$49,500,000
Units
276
Asset Type
MultiFamily
Closing
Jul 18, 2022
About this deal
AI
The multifamily property located at 8462 Eastchase Pkwy in Montgomery, AL has been sold. The transaction took place on 07/19/2022, with a sale price of $49,500,000. The property consists of 276 units, resulting in a price per unit of $179,347.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $49,500,000
- Units: 276
- Price Per Unit: $179,347
- Market: Montgomery, AL
The transaction was facilitated by Josh Jacobs and Royce Emerson from Marcus & Millichap.
The multifamily sale at 8462 Eastchase Parkway, Montgomery, Alabama 36117, United States in Montgomery, Alabama sold for $49.5M in 2022. Reported inventory is 276 units across 276 units. Marcus & Millichap appears on the sale alongside Marcus & Millichap. This page is the Montgomery, Alabama file for the 8462 Eastchase Parkway, Montgomery, Alabama 36117, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Montgomery sit in the Market section below. Filter that Montgomery multifamily set by closing date to see what else sold near 8462 Eastchase Parkway, Montgomery, Alabama 36117, United States around 2022. Published consideration for 8462 Eastchase Parkway, Montgomery, Alabama 36117, United States is $49.5M, dated 2022. Cite this Marcus & Millichap Brokers Sell Montgomery Multifamily For $49.5M sale when underwriting similar multifamily product around Montgomery, Alabama.
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Montgomery 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93