Updated Dec 4, 2024
Marcus & Millichap Sells Multifamily Property In Sumner For $3.6M
1314 Maple Street
$3,600,000
$495/SF
Building Size
7,273 SF
Asset Type
MultiFamily
Closing
Mar 18, 2024
About this deal
AI
The multifamily property located at 1314 Maple Street in Sumner, WA, was recently sold for $3,600,000. The asset spans 7,273 square feet, resulting in a price per square foot of $495.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Address: 1314 Maple Street
- Market: Sumner, WA
- Brokers: Kellan Moll, Mitchell Loofburrow & Scott Morasch - Marcus & Millichap
Marcus & Millichap played a vital role in facilitating the sale of the property mentioned above. The transaction was successfully completed with an undisclosed buyer acquiring the multifamily asset in Sumner. The brokers involved in the deal were Kellan Moll, Mitchell Loofburrow, and Scott Morasch, representing Marcus & Millichap.
On the Map
$3,600,000
$495/SF
MultiFamily
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Players
Sumner 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