SOLDMultiFamily
Friedman Real Estate Facilitates $4M Sale Of 54-unit Multifamily Property In Marshall, MI
200 West Drive North Marshall Marshall, Michigan 49068, Usa
$4,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 19, 2023
AI
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.
Marshal MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93