Updated Oct 28, 2024
All Season Properties LLC Acquires Bloomington Multifamily For $2.5M
1002 Arlene Court, Bloomington, Illinois 61701, United States
$2,500,000
Units
48
Asset Type
MultiFamily
Closing
Jul 1, 2021
About this deal
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.
The multifamily sale at 1002 Arlene Court, Bloomington, Illinois 61701, United States in Bloomington, Illinois sold for $2.5M in 2021. Reported inventory is 48 units across 48 units. Meghan O’Neal-Rogozinski, Coldwell Banker appear on the sale alongside Coldwell Banker. This page is the Bloomington, Illinois file for the 1002 Arlene Court, Bloomington, Illinois 61701, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Bloomington sit in the Market section below. Filter that Bloomington multifamily set by closing date to see what else sold near 1002 Arlene Court, Bloomington, Illinois 61701, United States around 2021. Published consideration for 1002 Arlene Court, Bloomington, Illinois 61701, United States is $2.5M, dated 2021. Cite this All Season Properties LLC Acquires Bloomington Multifamily For $2.5M sale when underwriting similar multifamily product around Bloomington, Illinois.
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