Glencrest Group Acquires Multifamily In Plymouth, Minnesota For $11.3M
15205 18th Avenue North, Plymouth, Minnesota 55447, United States
$11,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 3, 2022
AI
The multifamily property located at 15205 18th Ave N in Plymouth, Minnesota has recently been sold in a closed transaction. The property consists of 64 units and was sold by Heartland Properties Inc to Glencrest Group for a total sale price of $11,300,000. The price per unit for this transaction was $176,563.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,300,000
- Units: 64
- Price per Unit: $176,563
- Buyer: Glencrest Group
- Seller: Heartland Properties Inc
- Brokers: Scott Harris & Abe Roberts - Marcus & Millichap
The deal was facilitated by brokers Scott Harris and Abe Roberts from Marcus & Millichap. They represented Glencrest Group and provided professional assistance throughout the transaction.
Players
Minneapolis 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
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93