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F. Raymond & Grace E. Lester Family LP Acquires The Couve Apartments For $4.75M

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SOLD
$4,750,000

Washington

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MultiFamily15,485 SF
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SOLD

F. Raymond & Grace E. Lester Family LP Acquires The Couve Apartments For $4.75M

7308 Northeast 51st Street

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MultiFamily15,485 SF
Sold
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Summary

WASHINGTON
Asset Type:MultiFamily
Price Per Square Foot:$306
Total Square Footage:15485 SF
Transaction Type:Sale

The Couve Apartments, a multifamily property located at 7308 Northeast 51st Street in Vancouver, Washington, was recently sold for $4.75 million. The property consists of 15 units spanning 15,485 square feet, with a price per unit of $316,667 and a price per square foot of $307.

Summary of transaction details:

F. Raymond and Grace E. Lester Family LP completed the acquisition of The Couve Apartments in Vancouver, Washington. The deal was facilitated by brokers Cameron Mercer and David Chatfield from Norris & Stevens, ensuring the successful transaction of the multifamily property.

Players

David Chatfield
3 deals$22.1M volume(503) 225-8487
BROKER

Cameron Mercer
2 deals$7.9M volume(503) 225-8456
BROKER

Details

SOLD
IMAGE: Cameron Mercer & David Chatfield DATE: 02/06/2024 ADDRESS: 7308 Northeast 51st Street MARKET: Vancouver, WA ASSET TYPE: Multifamily BUYER: F. Raymond & Grace E. Lester Family LP SELLER: Genesis Rentals, LLC BROKERS: Cameron Mercer & David Chatfield - Norris & Stevens SALE PRICE: $4,750,000 UNITS: 15 ~ PPU: $316,667 SF: 15,485 ~ PPSF: $307 NOTE: F. Raymond and Grace E. Lester Family LP recently finalized the acquisition of The Couve Apartments, a 15-unit multifamily property in Vancouver, Washington, for $4.75 million.

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Debt Service Coverage Ratio (DSCR)

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