Kidder Mathews Brokers Max Frame, Dylan Simon & Jerrid Anderson Sell Vancouver Multifamily For $38.7M
SOLD
Washington
See Similar DealsMultiFamily
Sold 07/18/2022
SOLD
Kidder Mathews Brokers Max Frame, Dylan Simon & Jerrid Anderson Sell Vancouver Multifamily For $38.7M
13414 Northeast 23rd Avenue, Vancouver, Washington 98686, United States
See Similar DealsMultiFamily
Sold 07/18/2022
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 13414 NE 23rd Ave in Vancouver, WA has been sold in a closed transaction. The property consists of 124 units and was sold for a total price of $38,700,000, resulting in a per unit price of $312,097.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $38,700,000
- Units: 124
- Price Per Unit: $312,097
The sale of this multifamily property was facilitated by brokers Dylan Simon, Max Frame, and Jerrid Anderson from Kidder Mathews.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,064,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$137,492.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$183,457.74
Annual Debt Service$2,201,492.93
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