Max Frame, a member of the Simon and Anderson team at Kidder Mathews specializing in multifamily investments, recently oversaw the off-market sale of Chestnut Grove Townhomes. Located at 100 Peach Tree Lane in Yakima, Washington, this property was sold for $3.34 million or $185,556 per unit.
Built in 2000 and comprising of 18 units, this duplex portfolio presented an attractive investment opportunity due to its excellent condition and strategic location. The transaction was made possible through seller financing which provided favorable terms for the buyer while ensuring a smooth process. As the sole broker representing the seller in this deal, Frame played a crucial role in understanding their priorities and connecting them with a local investment group to facilitate a successful transaction.
According to Frame: “In order to achieve success with this sale it was imperative that we understood and met our client’s needs. By strategically connecting them with interested buyers we were able to ensure everyone’s expectations were met.” This accomplishment serves as another example of our effective approach towards brokerage services here at Kidder Mathews.
