Updated Oct 28, 2024
11 Capital Acquires Multifamily Property In Fife, WA For $31.75M
2606 62nd Avenue East, Fife, Washington 98424, United States
$31,750,000
Units
124
Asset Type
MultiFamily
Closing
Sep 11, 2022
About this deal
AI
The multifamily property located at 2524-2606 62nd Ave East in Fife, WA has been sold in a recent transaction. The property consists of 124 units, with each unit having a price per unit of $256,048. The total sale price for the property is $31,750,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $31,750,000
- Units: 124
- Price per Unit: $256,048
- Address: 2524-2606 62nd Ave East, Fife, WA
The buyer in this transaction is 11 Capital.
The multifamily sale at 2606 62nd Avenue East, Fife, Washington 98424, United States in Fife, Washington sold for $31.8M in 2022. Reported inventory is 124 units across 124 units. This page is the Fife, Washington file for the 2606 62nd Avenue East, Fife, Washington 98424, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Fife sit in the Market section below. Filter that Fife multifamily set by closing date to see what else sold near 2606 62nd Avenue East, Fife, Washington 98424, United States around 2022. Published consideration for 2606 62nd Avenue East, Fife, Washington 98424, United States is $31.8M, dated 2022. Cite this 11 Capital Acquires Multifamily Property In Fife, WA For $31.75M sale when underwriting similar multifamily product around Fife, Washington.
Players
Fife 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93