Updated Oct 29, 2024
Barcelo Homes Sells Tacoma Multifamily For $35.4M With IP Advisors As Brokers
308 Tacoma Ave S, Tacoma, Washington 98402, United States
$35,400,000
Units
131
Asset Type
MultiFamily
Closing
Apr 24, 2023
About this deal
AI
A multifamily property located at 308 Tacoma Ave S in Tacoma, WA has been sold for a total of $35,400,000. The property consists of 131 units, with an average price per unit of $270,229. The seller of the property is Barcelo Homes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $35,400,000
- Address: 308 Tacoma Ave S, Tacoma, WA
- Units: 131
- Price Per Unit: $270,229
The sale of this multifamily property was facilitated by the International Property Advisors, represented by brokers Nick Ruggiero, Ryan Harmon, Philip Assouad, and Giovanni Napoli.
On the Map
$35,400,000
MultiFamily
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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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93