McGuire Family Properties Sells 120-Unit Multifamily In Portland
1617 Cimmarron Street, Portland, Texas 78374, United States
Building Size
—
Asset Type
MultiFamily
Closing
Aug 9, 2022
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.
Players
Portland MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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