Updated Sep 9, 2024
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
Units
54
Asset Type
MultiFamily
Closing
Jun 19, 2023
About this deal
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.
The multifamily sale at 200 West Drive North Marshall Marshall, Michigan 49068, Usa in Marshal, Michigan sold for $4M in 2023. Reported inventory is 54 units across 54 units. Peter Jankowski, Friedman Real Estate appear on the sale alongside Friedman Real Estate. This page is the Marshal, Michigan file for the 200 West Drive North Marshall Marshall, Michigan 49068, Usa multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Marshal sit in the Market section below. Filter that Marshal multifamily set by closing date to see what else sold near 200 West Drive North Marshall Marshall, Michigan 49068, Usa around 2023. Published consideration for 200 West Drive North Marshall Marshall, Michigan 49068, Usa is $4M, dated 2023. Cite this Friedman Real Estate Facilitates $4M Sale Of 54-unit Multifamily Property In Marshall, MI sale when underwriting similar multifamily product around Marshal, Michigan.
Marshal 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93