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2028 Kevin Drive

James Clough & Alen Redzic Represent Sale Of 16 Unit Multifamily At 2028 Kevin Drive For $3.1M
SOLDMultiFamily

James Clough & Alen Redzic Represent Sale Of 16 Unit Multifamily At 2028 Kevin Drive For $3.1M

2028 Kevin Drive

$3,100,000

$176/SF

Building Size

17,600 SF

Asset Type

MultiFamily

Closing

Oct 22, 2024

AI

The asset involved in this transaction is a multifamily property located at 2028 Kevin Drive in the Montgomery market. The property comprises 16 units with a total square footage of 17,600. The sale price for this asset was $3,100,000, resulting in a price per unit of $193,750 and a price per square foot of $176.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,100,000
  • Units: 16
  • Square Footage: 17,600
  • Price Per Unit: $193,750
  • Price Per Square Foot: $176
  • Broker: James Clough & Alen Redzic - Real Realty
  • Date of Sale: 10/22/2024
  • Address: 2028 Kevin Drive
  • Market: Montgomery

James Clough and Alen Redzic from Real Realty represented the transaction in this deal. Their involvement highlights the professional brokerage services engaged in this multifamily property acquisition.

Players

James Clough

Real Realty

Broker

$46.2M

vol

11 deals

Broker
Triad Real Estate Partners
Triad Real Estate PartnersBrokerage

Montgomery 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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93