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811 East Broadway Street

Updated Dec 4, 2024

Peter Grant & Richard Hansen Facilitate $1.25M Sale Of 20-Unit Multifamily In Bradley
SOLDMultiFamily

Peter Grant & Richard Hansen Facilitate $1.25M Sale Of 20-Unit Multifamily In Bradley

811 East Broadway Street & 825 East Broadway Street

$1,250,000

Units

20

Asset Type

MultiFamily

Closing

May 24, 2024

About this deal

AI

A 20-unit multifamily property spanning 0.33 acres located at 811-825 East Broadway Street in Bradley was recently transacted for $1.25 million. The buyer, represented by Peter Grant of Berkshire Hathaway HomeServices, successfully acquired this well-maintained property with below-market rents. On the other side, the seller was represented by Richard Hansen of McColly Rosenboom.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Units: 20
  • Price Per Unit: $62,500
  • Address: 811-825 East Broadway Street
  • Market: Bradley

Berkshire Hathaway's Peter Grant and McColly Rosenboom's Richard Hansen played crucial roles in facilitating the transaction of this desirable multifamily property in Bradley. The property, known for its high occupancy levels and maintained condition, changed ownership as a result of their representation.

Players

Richard Hansen

McColly Rosenboom

Broker

$5.6M

vol

4 deals

Broker

Cuyahoga Falls MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $62.5K per unit across 20 units on a published $1.3M (2024).

Visit Richard Hansen to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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