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
Montgomery 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93