Joel Tucker & Martin Agnew Acquire Multifamily Property In Joshua Tree
SOLD
$1,500,000
California
See Similar DealsMultiFamily2,153 SF
Sold 02/18/2022
SOLD
Joel Tucker & Martin Agnew Acquire Multifamily Property In Joshua Tree
66563 Appian Way, Joshua Tree, California 92252, United States
See Similar DealsMultiFamily2,153 SF
Sold 02/18/2022
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$696
Total Square Footage:2,153 SF
Transaction Type:Sale
A multifamily property located at 66563 Appian Way in Joshua Tree has been sold for $1,500,000. The property has a total square footage of 2,153, resulting in a price per square foot of $696. The transaction took place on 02/18/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 66563 Appian Way, Joshua Tree
- Market: Joshua Tree
The buyer of the property is Joel Tucker and Martin Agnew, while the seller is Vida Rossi. The brokers involved in the deal are Martin Agnew and Ryan Serling from Marcus & Millichap.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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