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Arrow Townhomes Sold For $5.5M In Upland Multifamily Sale

Property Image
SOLD
$5,500,000
Douglas McCauley
David Covarrubias

Ohio

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MultiFamily
Sold 04/26/2023
the dealplayerscompscontact
Property Image
SOLD

Arrow Townhomes Sold For $5.5M In Upland Multifamily Sale

614-628 Arrow Highway

See Similar Deals
MultiFamily
Sold 04/26/2023
Douglas McCauley
David Covarrubias
the dealplayerscompscontact
Contact now

Summary

OHIO
Asset Type:MultiFamily
Transaction Type:Sale

An individual or personal trust has purchased the Arrow Townhomes, an 18-unit community in Upland, California. The townhouse-style apartments feature two bedrooms, attached garages, enclosed patios and balconies, and laundry hook-ups in each unit.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,500,000
  • Units: 18
  • Price Per Unit: $305,556
  • Market: Upland

Douglas McCauley and David Covarrubias of Marcus & Millichap represented the buyer in this transaction.

Players

Douglas McCauley
Marcus & Millichap
Douglas McCauley
9 deals$72.1M volume
BROKER
David Covarrubias
Marcus & Millichap
David Covarrubias
9 deals$72.1M volume
BROKER

Details

SOLD
IMAGE: David Covarrubias DATE: 04/26/2023 ADDRESS: 614-628 Arrow Highway MARKET: Upland ASSET TYPE: Multifamily BROKERS: Douglas McCauley & David Covarrubias - Marcus & Millichap (@MarcusMillichapLosAngeles) SALE PRICE: $5,500,000 UNITS: 18 ~ PPU: $305,556 NOTE: An individual or personal trust has purchased the Arrow Townhomes, an 18-unit community in Upland, California, for $5.5m. The townhouse-style apartments are all two-bedroom units with attached garages, enclosed patios and balconies, and laundry hook-ups in each unit.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$293,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67