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2901 S. 45th St, Tacoma, WA...

Updated Oct 29, 2024

Ethos Development & Lombard Equities Group Acquire Multifamily Property In Tacoma For $17M
SOLDMultiFamily

Ethos Development & Lombard Equities Group Acquire Multifamily Property In Tacoma For $17M

2901 S. 45th St, Tacoma, WA 98409, USA

$17,000,000

Units

53

Asset Type

MultiFamily

Closing

Apr 17, 2023

About this deal

AI

The multifamily property located at 2901 S. 45th St in Tacoma, WA has been sold in a recent transaction. The sale took place on April 17, 2023, and the property was purchased by Ethos Development & Lombard Equities Group. The sale price for the property was $17,000,000. The property consists of 53 units, with a price per unit of $320,755.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $17,000,000
  • Address: 2901 S. 45th St, Tacoma, WA
  • Market: Tacoma, WA
  • Buyer: Ethos Development & Lombard Equities Group
  • Units: 53
  • Price per Unit: $320,755

The acquisition of the property was facilitated by the buyer's representatives from Ethos Development & Lombard Equities Group. The deal showcases the continued interest in the real estate market in Tacoma, WA and highlights the involvement of key individuals and companies in the transaction.

Players

ED
Ethos DevelopmentBuyer

Tacoma MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $320.8K per unit across 53 units on a published $17M (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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