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202 Dana Street, Lumberton,...

Kent Myers & Patrick Strake Of Marcus & Millichap Sell Multifamily Property In Lumberton With 23 Units And 23,243 SF
SOLDMultiFamily

Kent Myers & Patrick Strake Of Marcus & Millichap Sell Multifamily Property In Lumberton With 23 Units And 23,243 SF

202 Dana Street, Lumberton, Texas 77657, United States

Building Size

23,243 SF

Asset Type

MultiFamily

Closing

Apr 26, 2022

AI

An apartment building located at 202 Dana St in Lumberton has recently been sold. The property, classified as a Multifamily asset, consists of 23 units with a total area of 23,243 square feet. The transaction took place on April 27, 2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not provided
  • Units: 23
  • Square Feet: 23,243
  • Market: Lumberton

The sale of this apartment building was facilitated by brokers Kent Myers and Patrick Strake, who represented the sellers and buyers in the transaction. They are associated with Marcus & Millichap brokerage firm.

Players

Patrick Strake

Franklin Street

Broker

4 deals

Broker

Lumberton 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