Updated Sep 9, 2024
Arrow Townhomes Sold For $5.5M In Upland Multifamily Sale
614-628 Arrow Highway
$5,500,000
Units
5,500,000
Asset Type
MultiFamily
Closing
Apr 26, 2023
About this deal
AI
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.
The multifamily sale at 614-628 Arrow Highway in Akron, Ohio sold for $5.5M in 2023. 614-628 Arrow Highway is classified as Multifamily on Traded. Douglas McCauley, David Covarrubias, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Akron, Ohio file for the 614-628 Arrow Highway multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Akron sit in the Market section below. Filter that Akron multifamily set by closing date to see what else sold near 614-628 Arrow Highway around 2023. Published consideration for 614-628 Arrow Highway is $5.5M, dated 2023. Cite this Arrow Townhomes Sold For $5.5M In Upland Multifamily Sale sale when underwriting similar multifamily product around Akron, Ohio.
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Akron 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93