Updated Dec 26, 2024
SOLDMultiFamily
Marcus & Millichap Sells Treehouse Apartments Multifamily Complex In Arlington With Brokers Al Silva Dylan York And Ford Braly
1400 Cherry Drive
Units
16
Asset Type
MultiFamily
Closing
Dec 24, 2024
About this deal
AI
Treehouse Apartments is a 16-unit multifamily complex located at 1400 Cherry Drive in Arlington. The property was constructed in 1972.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not disclosed
- Units: 16
- Address: 1400 Cherry Drive
- Market: Arlington
- Brokers: Al Silva, Dylan York & Ford Braly - Marcus & Millichap
Dylan York, Ford Braly, and Al Silva successfully represented both the anonymous buyer and seller in this transaction, highlighting the expertise and collaboration of the Marcus & Millichap brokerage team.
Players
Arlington 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93