Updated Dec 4, 2024
Zack Hubiak Of Marcus & Millichap Represents Buyer And Seller In $3.8M Sale Of Hillview Apartments
200 Shalimar Drive
$3,800,000
Units
72
Asset Type
MultiFamily
Closing
Nov 14, 2024
About this deal
AI
Hillview Apartments is a 72-unit multifamily property located at 200 Shalimar Drive in Glasgow, Kentucky. The property, built in 1974, features one- and two-bedroom units and was sold for $3,800,000, resulting in a price per unit of $52,778.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Units: 72
- Price Per Unit: $52,778
- Broker: Zack Hubiak - Marcus & Millichap
Zack Hubiak served as the representative for both the anonymous buyer and seller in this transaction, facilitating the sale through Marcus & Millichap.
Players
Glasgow 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93