Private Investor Purchases Park Place Townhomes Multifamily In Everett For $5.7 Million
1225 West Casino Road
$5,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 8, 2024
AI
The property involved in this transaction is Park Place Townhomes, a fully occupied multifamily asset located at 1225 West Casino Road in Everett, WA. The sale price was $5,700,000 for a total of 28 units, which includes two- and three-bedroom townhomes. The price per unit is calculated to be $203,571.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,700,000
- Address: 1225 West Casino Road
- Market: Everett, WA
- Units: 28
- Price Per Unit: $203,571
The transaction was facilitated by brokers Ryan Dinius, Sidney Warsinske, Tanner Fogle, and Zachary Mazzuca from Marcus & Millichap, representing the private investor who purchased the property.
Players
Everett 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93