Updated Oct 28, 2024
McGuire Family Properties Sells 120-Unit Multifamily In Portland
1617 Cimmarron Street, Portland, Texas 78374, United States
Units
120
Asset Type
MultiFamily
Closing
Aug 9, 2022
About this deal
AI
The multifamily property located at 1617 Cimmarron St in Portland has been sold in a recent transaction. The property consists of 120 units and offers a promising investment opportunity in the Portland market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Address: 1617 Cimmarron St
- Market: Portland
- Units: 120
The seller of the property is McGuire Family Properties. The deal was facilitated by brokers Zar Haro and Phil Grafe from Northmarq. They played a crucial role in representing the interests of both the buyer and the seller throughout the transaction.
On the Map
MultiFamily
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Portland 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