WDC Properties Sells Clara Flats Multifamily In Camas For $11.9M
608 Northeast Birch Street
$11,900,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 1, 2024
AI
The Clara Flats, a mixed-use multifamily property located at 608 Northeast Birch Street in Camas, WA, was recently sold for $11.9 million. The property consists of 30 units, resulting in a price per unit of $396,667.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,900,000
- Units: 30
- Price Per Unit: $396,667
- Address: 608 Northeast Birch Street
- Market: Camas, WA
The sale of Clara Flats was facilitated by brokers Clay Newton, Jordan Carter, and Tyler Linn from Kidder Mathews on behalf of the buyer, WDC Properties. The buyer, WDC Properties, successfully closed the deal with an undisclosed out-of-state buyer.
Players
Camas 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
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93