Alan Management Acquires 20-Unit Multifamily Building In Takoma Park For $2 Million

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.