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Friedman Real Estate Facilitates $4M Sale Of 54-unit Multifamily Property In Marshall, MI

Property Image
SOLD
$4,000,000

Michigan

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MultiFamily
Sold
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Property Image
SOLD

Friedman Real Estate Facilitates $4M Sale Of 54-unit Multifamily Property In Marshall, MI

200 West Drive North Marshall Marshall, Michigan 49068, Usa

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
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Summary

MICHIGAN
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 200 West Drive North in Marshall, MI has been sold for $4,000,000. The property consists of 54 units, with a price per unit of $74,074.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,000,000
  • Units: 54
  • Price Per Unit: $74,074

The sale was facilitated by Peter Jankowski from Friedman Real Estate.

Players

Peter Jankowski
Friedman Real Estate
Peter Jankowski
7 deals$88.7M volume
BROKER

Details

SOLD
IMAGE: Peter Jankowski DATE: 06/19/2023 ADDRESS: 200 West Drive North MARKET: Marshall, MI ASSET TYPE: Multifamily BROKER: Peter Jankowski - Friedman Real Estate SALE PRICE: $4,000,000 UNITS: 54 ~ PPU: $74,074

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49