Updated Dec 4, 2024
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
Cuyahoga Falls 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93