Max Frame Of Simon And Anderson Team Facilitates $3.34M Multifamily Sale In Yakima
100 Peach Tree Lane
$3,340,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 28, 2024
AI
The Chestnut Grove Townhomes, an 18-unit duplex portfolio located at 100 Peach Tree Lane in Yakima, Washington, was sold for $3.34 million. The sale price equates to approximately $185,556 per unit.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,340,000
- Units: 18
- Price per Unit: $185,556
- Address: 100 Peach Tree Lane, Yakima, WA
- Market: Yakima, WA
- Broker: Max Frame - Kidder Mathews
Max Frame, part of the Simon and Anderson team at Kidder Mathews, facilitated the off-market sale of the 18-unit duplex portfolio at Chestnut Grove Townhomes. The transaction, which took place on June 28, 2024, signifies a successful deal in the multi-family real estate market of Yakima, Washington.
Players
Yakima 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
4.75%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93