All Season Properties LLC Acquires Bloomington Multifamily For $2.5M
1002 Arlene Court, Bloomington, Illinois 61701, United States
$2,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 1, 2021
AI
An multifamily property located at 1002 & 1005 Arlene Court in Bloomington, IL has been sold for $2,500,000. The property consists of 48 units, resulting in a price per unit (PPU) of $52,083.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Units: 48
- PPU: $52,083
- Market: Bloomington, IL
The buyer of the property is All Season Properties LLC. Representing the buyer in this transaction was Meghan O’Neal-Rogozinski from Coldwell Banker Commercial.
Players
Bloomington 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93