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Interra Realty Facilitates $1.16M Sale Of Multifamily Property In Midlothian

Property Image
SOLD
$1,160,000

Illinois

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Sold 08/25/2022
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Property Image
SOLD

Interra Realty Facilitates $1.16M Sale Of Multifamily Property In Midlothian

3329 147th Place

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Sold 08/25/2022
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Summary

ILLINOIS
Transaction Type:Sale

A multifamily property located at 3329 147th Pl in Midlothian has been sold for a price of $1,160,000. The property is situated in a desirable market and offers potential for investment and growth.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,160,000

The sale was facilitated by Michael Duckler from Interra Realty, who represented the buyer and seller in the transaction. Michael Duckler is an experienced broker known for his expertise in the market.

Players

Michael Duckler
23 deals$77M volume
BROKER

Details

SOLD
IMAGE: Michael Duckler DATE: 08/25/2022 ADDRESS: 3329 147th Pl MARKET: Midlothian ASSET TYPE: Multifamily BROKER: Michael Duckler (@MDuckler) - Interra Realty (@InterraRealty) SALE PRICE: $1,160,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$61,866.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,121.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,498.99
Annual Debt Service$65,987.90