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
Spokane MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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