Residential Portfolio In Baltimore, MD Sold For $8.8M With Rep Stephen Weiss - Lee & Associates
Baltimore, Maryland, United States
$8,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 28, 2022
AI
The residential portfolio in Baltimore, MD has been sold in a closed transaction for a total of $8,800,000. The portfolio consists of both multifamily and single-family units. The transaction took place on February 28, 2022, and was facilitated by Stephen Weiss of Lee & Associates. The portfolio includes a total of 85 units, with an average price per unit (PPU) of $103,529.
Summary of transaction details
- Property Type: Multifamily & Single-Family
- Transaction Amount: $8,800,000
- Units: 85
- Price Per Unit: $103,529
- Broker: Stephen Weiss - Lee & Associates
This significant sale transaction involved the collaborative efforts of Stephen Weiss from Lee & Associates. Their expertise in the Baltimore, MD market was integral in ensuring the successful completion of this sale.
Players
Baltimore 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93