Residential Portfolio In Baltimore, MD Sold For $8.8M With Rep Stephen Weiss - Lee & Associates
SOLD
$8,800,000
Maryland
See Similar DealsMultiFamily
Sold 02/28/2022
SOLD
Residential Portfolio In Baltimore, MD Sold For $8.8M With Rep Stephen Weiss - Lee & Associates
Baltimore, Maryland, United States
See Similar DealsMultiFamily
Sold 02/28/2022
Summary
MARYLAND
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$469,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,264.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,716.49
Annual Debt Service$500,597.87
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