Updated Oct 29, 2024
Northcap Commercial Sells Merlayne Villas Apartments In Henderson, Nevada For $4.89M
409 & 417 East Merlayne Drive Henderson, Nevada 89011, USA
$4,890,000
Units
34
Asset Type
MultiFamily
Closing
May 26, 2023
About this deal
AI
The Merlayne Villas Apartments in Henderson, Nevada have been sold for $4.89 million. The property, built in 1994, consists of 34 units, resulting in a price per unit of approximately $143,824. The transaction was facilitated by Northcap Commercial on behalf of the seller, E4 Merlayne LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,890,000
- Address: 409 & 417 E. Merlayne Drive, Henderson, Nevada
- Market: Henderson, Nevada
- Units: 34
- Sale Price per Unit: $143,824
Northcap Commercial served as the representative for E4 Merlayne LLC in the sale of the Merlayne Villas Apartments. The brokers involved in the transaction were Robin Willett, Devin Lee, and Jerad Roberts, all from Northcap Commercial.
Players
Henderson 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93