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Marcus & Millichap Brokers Sale Of 74 Townhomes In Havre De Grace, MD For $12.15M
SOLD
$12,152,635
Maryland
See Similar DealsMultiFamily
Sold 08/28/2023
SOLD
Marcus & Millichap Brokers Sale Of 74 Townhomes In Havre De Grace, MD For $12.15M
471 Battery Drive Havre De Grace, MD 21078, USA
See Similar DealsMultiFamily
Sold 08/28/2023
Summary
MARYLAND
Asset Type:MultiFamily
Transaction Type:Sale
A portfolio of 74 townhomes in Havre de Grace, Maryland has been sold for $12.15 million. The multifamily property, located at 471 Battery Drive, was brokered by Marcus & Millichap. The townhomes offer a total of 74 units, with an average price per unit of $164,225.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,152,635
- Address: 471 Battery Drive, Havre De Grace, MD
- Number of Units: 74
- Price per Unit: $164,225
- Brokers: Brian Hosey, Craig Dunkle & Mher Vartanian - Marcus & Millichap
This transaction was facilitated by the Marcus & Millichap team, led by brokers Brian Hosey, Craig Dunkle, and Mher Vartanian. Their expertise and negotiation skills were instrumental in closing the deal for the portfolio of townhomes in Havre de Grace, Maryland.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$648,140.52
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$43,175.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$57,609.69
Annual Debt Service$691,316.28
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