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648 Pasadena Avenue

Horvath & Tremblay Brokers Sale Of 12-Unit Multifamily Property In Beecher
SOLDMultiFamily

Horvath & Tremblay Brokers Sale Of 12-Unit Multifamily Property In Beecher

648 Pasadena Avenue

$1,050,000

Building Size

Asset Type

MultiFamily

Closing

Jan 2, 2024

AI

648 Pasadena Avenue in Beecher, a multifamily property with 12 units, has been sold for $1,050,000. The per-unit price for this transaction was $87,500. The sale was brokered by Anthony Spangler of Horvath & Tremblay.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Units: 12
  • Price per Unit: $87,500
  • Broker: Anthony Spangler - Horvath & Tremblay

This sale of 648 Pasadena Avenue in Beecher highlights the successful involvement of Anthony Spangler from Horvath & Tremblay as the broker for this transaction. The sale price of $1,050,000 reflects a per-unit price of $87,500.

Players

Anthony Spangler

Horvath & Tremblay

Broker

$38.7M

vol

13 deals

Broker

Beecher 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93