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2488 10th Street

David Hussain Purchases Multifamily Asset At 2488 10th Street In Sanger For $4.35M
SOLDMultiFamily

David Hussain Purchases Multifamily Asset At 2488 10th Street In Sanger For $4.35M

2488 10th Street

$4,350,000

$111/SF

Building Size

38,880 SF

Asset Type

MultiFamily

Closing

Aug 8, 2024

AI

The multifamily property located at 2488 10th Street in Sanger has been sold for $4,350,000. This property includes 29 units and has a total square footage of 38,880, resulting in a price per unit of $150,000 and a price per square foot of $111.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,350,000
  • Address: 2488 10th Street
  • Market: Sanger
  • Units: 29
  • Square Footage: 38,880
  • Price Per Unit: $150,000
  • Price Per Square Foot: $111
  • Buyer: David Hussain
  • Seller: Ram Saroay
  • Brokers: Blake Blackburn & Dustin Ilic - Visintainer Group

This transaction involved David Hussain as the buyer and Ram Saroay as the seller, with representation from Blake Blackburn and Dustin Ilic of Visintainer Group. Their role facilitated the successful completion of this sale in the multifamily market.

Players

Dustin Ilic

Visintainer Group

Broker

$4.4M

vol

1 deal

Broker

Sanger 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

3.65%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93