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
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