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100 Peach Tree Lane

Max Frame Of Simon And Anderson Team Facilitates $3.34M Multifamily Sale In Yakima
SOLDMultiFamily

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:

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

Max Frame

Kidder Mathews

Broker

$69.7M

vol

12 deals

Broker

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