Coldwell Banker Realty Sells Land In Hinsdale For $3M
SOLD
$3,000,000
Connecticut
See Similar DealsLand
Sold 02/03/2023
SOLD
Coldwell Banker Realty Sells Land In Hinsdale For $3M
527-541 Kensington Ct
See Similar DealsLand
Sold 02/03/2023
Summary
CONNECTICUT
Asset Type:Land
Transaction Type:Sale
Located in Hinsdale, this land property on Kensington Ct offers a prime investment opportunity. Spanning across 2.20 acres, this parcel of land presents a blank canvas for potential development. The property, listed by Dawn McKenna from Coldwell Banker Realty, recently sold for $3,000,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $3,000,000
- Address: 527-541 Kensington Ct, Hinsdale
- Market: Hinsdale
- Broker: Dawn McKenna - Coldwell Banker Realty
This successful sale was facilitated by Dawn McKenna from Coldwell Banker Realty. With their expertise in the Hinsdale market, McKenna was able to secure a lucrative deal for the 2.20-acre land property on Kensington Ct. The transaction signifies the value and potential of this prime piece of land in Hinsdale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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