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.
Beecher MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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