Updated Oct 29, 2024
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.
On the Map
$17,000,000
MultiFamily
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Players
Tacoma 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93