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1617 Cimmarron Street, Port...

McGuire Family Properties Sells 120-Unit Multifamily In Portland
SOLDMultiFamily

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

Zar Haro

NorthMarq

Broker

14 deals

Broker
P
PropertiesSeller

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