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12911 West 13th Avenue

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

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

12911 West 13th Avenue

$3,595,000

Building Size

Asset Type

MultiFamily

Closing

Feb 15, 2024

AI

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

Broker

$365.8M

vol

15 deals

Broker

Airway Heights 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93