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Marcus & Millichap Sells Victory Manor In Pasco, WA For $4.1M With Kellan Moll, Mitchell Loofburrow & Scott Morasch
SOLD
$4,100,000
Washington
See Similar DealsMultiFamily
Sold 07/11/2023
SOLD
Marcus & Millichap Sells Victory Manor In Pasco, WA For $4.1M With Kellan Moll, Mitchell Loofburrow & Scott Morasch
1525 North 16th Avenue Pasco, Washington 99301, Usa
See Similar DealsMultiFamily
Sold 07/11/2023
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
Marcus & Millichap has announced the sale of Victory Manor, a 31-unit apartment property located at 1525 North 16th Avenue in Pasco, WA. The property was sold for a total price of $4,100,000, with a price per unit of $132,258. It is situated in the multifamily market of Pasco, WA.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Units: 31
- Price Per Unit: $132,258
The sale of Victory Manor was facilitated by Kellan Moll, Mitchell Loofburrow, and Scott Morasch, who acted as the representatives of Marcus & Millichap. They played a crucial role in the transaction, ensuring a successful sale for the property owner. This acquisition demonstrates the continued strength of the multifamily market in Pasco, WA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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