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Kidder Mathews Brokers Sell Autumn Leaf Furnished Apartments In Airway Heights For $3.6M

Property Image
SOLD
$3,595,000
Max Frame
Jerrid Anderson
Dylan Simon

Washington

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MultiFamily
Sold 02/15/2024
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Property Image
SOLD

Kidder Mathews Brokers Sell Autumn Leaf Furnished Apartments In Airway Heights For $3.6M

12911 West 13th Avenue

See Similar Deals
MultiFamily
Sold 02/15/2024
Max Frame
Jerrid Anderson
Dylan Simon
the dealplayerscompscontact
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Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale

The Autumn Leaf Furnished Apartments in Airway Heights, Washington, were sold for $3,595,000. The property consists of 24 units, amounting to a price per unit of $149,792. The sale was facilitated by Max Frame, part of the Dylan Simon, Jerrid Anderson & Max Frame team at Kidder Mathews.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,595,000
  • Address: 12911 West 13th Avenue
  • Market: Airway Heights, WA
  • Brokers: Dylan Simon, Jerrid Anderson & Max Frame - Kidder Mathews
  • Units: 24
  • Price Per Unit: $149,792

Max Frame, as a member of the Simon and Anderson team at Kidder Mathews, played a crucial role in the successful sale of The Autumn Leaf Furnished Apartments. The collaboration between the involved brokers ensured a smooth transaction process for the multifamily property in Airway Heights, Washington.

Players

Dylan Simon
Kidder Mathews
Dylan Simon
15 deals$365.8M volume
BROKER
Jerrid Anderson
Kidder Mathews
Jerrid Anderson
14 deals$350.8M volume
BROKER
Max Frame
Kidder Mathews
Max Frame
12 deals$69.7M volume
BROKER

Details

SOLD
IMAGE: Dylan Simon, Jerrid Anderson & Max Frame DATE: 02/15/2024 ADDRESS: 12911 West 13th Avenue MARKET: Airway Heights, WA ASSET TYPE: Multifamily BROKERS: Dylan Simon, Jerrid Anderson & Max Frame - Kidder Mathews SALE PRICE: $3,595,000 UNITS: 24 ~ PPU: $149,792 NOTE: Max Frame, part of the Simon and Anderson team at Kidder Mathews, facilitated the sale of The Autumn Leaf Furnished Apartments in Airway Heights, Washington, for $3,595,000.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,772.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,042.13
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