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224 South Howard Street, Sp...

Max Frame Of Kidder Mathews Sells Multifamily Property At 224 S Howard St In Spokane For $1M
SOLDMultiFamily

Max Frame Of Kidder Mathews Sells Multifamily Property At 224 S Howard St In Spokane For $1M

224 South Howard Street, Spokane, Washington 99201, United States

$1,000,000

Building Size

Asset Type

MultiFamily

Closing

Apr 25, 2023

AI

The multifamily property located at 224 S Howard St in Spokane, WA was recently sold. The transaction took place on 04/25/2023 and the sale price was $1,000,000. The property consists of 39 units, with an average price per unit (PPU) of $25,641.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Units: 39
  • PPU: $25,641
  • Address: 224 S Howard St, Spokane, WA
  • Market: Spokane, WA

The sale of this multifamily property was facilitated by Max Frame of Kidder Mathews acting as the broker. Max Frame represented the seller/buyer in this deal, providing expert guidance throughout the transaction.

Players

Max Frame

Kidder Mathews

Broker

$69.7M

vol

12 deals

Broker

Spokane 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93