Next Wave Investors Acquires Multifamily Property In Tacoma, WA For $21.15M
908 76th Street Court East, Tacoma, Washington 98404, United States
$21,150,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 27, 2022
AI
The multifamily property located at 908 76th St Ct E in Tacoma, WA has been sold for a total price of $21,150,000. It consists of 100 units, resulting in a per unit price of $211,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,150,000
- Address: 908 76th St Ct E, Tacoma, WA
- Market: Tacoma, WA
The buyer in this transaction is Next Wave Investors, represented by Jordan Fisher. The seller is Goodman Real Estate. The brokers involved in the deal are Brandon Lawler, Dylan Simon, and Jerrid Anderson from Kidder Mathews.
Players
Tacoma 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
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93