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Alan Management Acquires 20-Unit Multifamily Building In Takoma Park For $2 Million
SOLD
Maryland
See Similar DealsMultiFamily
Sold 10/31/2025
SOLD
Alan Management Acquires 20-Unit Multifamily Building In Takoma Park For $2 Million
8212 Flower Avenue
See Similar DealsMultiFamily
Sold 10/31/2025
Summary
MARYLAND
Asset Type:MultiFamily
Transaction Type:Sale
The Flower House is a 20-unit multifamily building located at 8212 Flower Avenue in Takoma Park, Maryland. The property was sold for $2,000,000, resulting in a price per unit of $100,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Buyer: Alan Management
- Seller: Olympia Investments
- Units: 20
- Location: 8212 Flower Avenue, Takoma Park, MD
- PPU: $100,000
The transaction was brokered by Ryan Murray, Marty Zupancic, and John Slowinski from Marcus & Millichap, who facilitated the sale through a Chapter 11 bankruptcy process.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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