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608 Northeast Birch Street

WDC Properties Sells Clara Flats Multifamily In Camas For $11.9M
SOLDMultiFamily

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

Tyler Linn

Kidder Mathews

Broker

$31.2M

vol

2 deals

Broker

Camas 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

1.33%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93