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406 East Montgomery Avenue,...

Max Frame Of Kidder Mathew Brokers Sale Of 22-Unit Multifamily In Spokane For $2.6M
SOLDMultiFamily

Max Frame Of Kidder Mathew Brokers Sale Of 22-Unit Multifamily In Spokane For $2.6M

406 East Montgomery Avenue, Spokane, Washington 99207, United States

$2,600,000

Building Size

Asset Type

MultiFamily

Closing

Oct 13, 2022

AI

The multifamily property located at 406 E Montgomery Ave in Spokane, WA has been sold in a recent transaction. The property consists of 22 units and was sold for a total price of $2,600,000. This equates to a price per unit of $118,182. The sale was facilitated by Max Frame of Kidder Mathews.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,600,000
  • Units: 22
  • Price Per Unit: $118,182
  • Broker: Max Frame - Kidder Mathews

Max Frame of Kidder Mathews played a key role as the broker representing the parties involved in the sale of the property. With their expertise, they facilitated a successful transaction between the buyer and the seller.

Players

Max Frame

Kidder Mathews

Broker

$69.7M

vol

12 deals

Broker

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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93