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1237 N Orange Grove Ave, We...

Bold Partners Acquires MultiFamily Property In Flint For $3.0M
SOLDMultiFamily

Bold Partners Acquires MultiFamily Property In Flint For $3.0M

1237 N Orange Grove Ave, West Holly...

$3,000,000

Building Size

Asset Type

MultiFamily

Closing

Nov 20, 2023

AI

The multifamily building located at 1237 N. Orange Grove in West Hollywood has been sold for $3 million. The property, built in 1926, features eight one-bedroom/one-bath apartments with hardwood flooring, modernized kitchens and baths, and designer fixtures. Amenities include seven parking spaces, laundry facilities, and a community courtyard patio with seating.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,000,000.00
  • Market: Flint
  • Address: 1237 N Orange Grove Ave, West Hollywood
  • Buyer: Bold Partners
  • Seller: Private Investor
  • Buyer's Rep: Kimberly Stepp (Stepp Commercial)

Kimberly Stepp of Stepp Commercial represented both the seller and buyer, facilitating the acquisition of the property by Bold Partners from a private investor based in Los Angeles.

Players

Kimberly Stepp

Stepp Commercial

Broker

$58.8M

vol

14 deals

Broker
BP
Bold PartnersBuyer

Flint 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93