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Private Investor Purchases Park Place Townhomes Multifamily In Everett For $5.7 Million
SOLD
$5,700,000
+ 1
Washington
See Similar DealsMultiFamily
Sold 07/08/2024
SOLD
Private Investor Purchases Park Place Townhomes Multifamily In Everett For $5.7 Million
1225 West Casino Road
See Similar DealsMultiFamily
Sold 07/08/2024
+ 1
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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