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ABI Multifamily Brokers $8.99M Sale Of 74-Unit Las Vegas Multifamily Portfolio
SOLD
$8,985,894
+ 1
Nevada
See Similar DealsMultiFamily
Sold 01/23/2024
SOLD
ABI Multifamily Brokers $8.99M Sale Of 74-Unit Las Vegas Multifamily Portfolio
1163 Blankenship Avenue, 230 West Chicago Avenue & 216 West Philadelphia Avenue
See Similar DealsMultiFamily
Sold 01/23/2024
+ 1
Summary
NEVADA
Asset Type:MultiFamily
Transaction Type:Sale
The $8.99 million sale of a 74-unit Las Vegas portfolio has been announced by ABI Multifamily. The properties are located at 1163 Blankenship Avenue, 230-248 West Chicago Avenue, and 216 West Philadelphia Avenue. The multifamily assets span across 2.4 acres in Las Vegas.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $8,985,894
- Units: 74
- Price Per Unit: $121,431
- Market: Las Vegas
The sale was brokered by Anthony Marinello, Bradley Gumm, Jason Dittenber, and Josh McDougall from ABI Multifamily. The buyer and seller involved in the transaction are both based in Nevada.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$479,247.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,925.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,597.72
Annual Debt Service$511,172.66
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