Syndicated Equities Sells Multifamily Property In Ada, Michigan For $71.5M
330 Stone Falls Dr SE, Forest Hills, Michigan 49301, United States
$71,500,000
Units
210
Asset Type
MultiFamily
Closing
Jul 11, 2022
AI
The multifamily property located at 330 Stone Falls Dr in Ada, Michigan has been sold by Syndicated Equities. The sale took place on 07/12/2022 for a total price of $71,500,000. The property consists of 210 units, resulting in a per unit price of $340,476.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $71,500,000
- Address: 330 Stone Falls Dr, Ada, Michigan
- Market: Ada, Michigan
- Seller: Syndicated Equities
- Units: 210
- Price per Unit: $340,476
In this transaction, Syndicated Equities represented themselves as the seller of the property.
Players
Ada 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93