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John Slowinski & Marty Zupancic Of Marcus & Millichap Facilitates Sale Of 12-Unit Multifamily Property In Washington, DC For $2.25M
SOLD
MultiFamily
Sold 02/09/2024
SOLD
John Slowinski & Marty Zupancic Of Marcus & Millichap Facilitates Sale Of 12-Unit Multifamily Property In Washington, DC For $2.25M
26 14th Street Southeast
See Similar DealsMultiFamily
Sold 02/09/2024
Summary
Asset Type:MultiFamily
Transaction Type:Sale
The 12-unit apartment property located at 26 14th Street Southeast in Washington, D.C., was sold for $2,250,000. The sale equated to an average price of $187,500 per unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Asset Type: Multifamily
- Units: 12
- Price per Unit: $187,500
- Address: 26 14th Street Southeast, Washington, DC
- Market: Washington, DC
John Slowinski and Marty Zupancic from Marcus & Millichap facilitated the sale of the property at 26 14th St. SE in Washington, D.C.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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