Transwestern Real Estate Services Brokers Sell Carmichael Multifamily Property For $16.5M On Sutter Avenue
SOLD
$16,500,000
+ 1
California
See Similar DealsMultiFamily
Sold 02/09/2022
SOLD
Transwestern Real Estate Services Brokers Sell Carmichael Multifamily Property For $16.5M On Sutter Avenue
5820 Sutter Avenue, Carmichael, California 95608, United States
See Similar DealsMultiFamily
Sold 02/09/2022
+ 1
Summary
CALIFORNIA
Asset Type:MultiFamily
Transaction Type:Sale
Transwestern Real Estate Services represented the buyer and seller in the sale of a multifamily property in Carmichael. The property, located at 5820 Sutter Ave., was sold for a total price of $16,500,000. The transaction took place on February 9, 2022, and involved a total of 76 units. The price per unit was calculated to be $217,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,500,000
- Address: 5820 Sutter Ave.
- Market: Carmichael
- Units: 76
- Price per Unit: $217,000
Shivu Srinivasan, Robert Dau, Dante Giacomini, and Connor McGarty from Transwestern Real Estate Services were the brokers involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$880,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
Annual Debt Service$938,621.01
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