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
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