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All Season Properties LLC Acquires Bloomington Multifamily For $2.5M

Property Image
SOLD
$2,500,000

Illinois

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MultiFamily
Sold 07/02/2021
the dealplayerscompscontact
Property Image
SOLD

All Season Properties LLC Acquires Bloomington Multifamily For $2.5M

1002 Arlene Court, Bloomington, Illinois 61701, United States

See Similar Deals
MultiFamily
Sold 07/02/2021
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

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

Meghan O’Neal-Rogozinski
AXIS 360 Commercial Real Estate Specialists
Meghan O’Neal-Rogozinski
8 deals$11M volume
BROKER

Details

SOLD
IMAGE: Meghan O’Neal-Rogozinski DATE: 07/02/2021 ADDRESS: 1002 & 1005 Arlene Court MARKET: Bloomington, IL ASSET TYPE: Multifamily BUYER: All Season Properties LLC BROKER: Meghan O’Neal-Rogozinski - Coldwell Banker Commercial SALE PRICE: $2,500,000 UNITS: 48 ~ PPU: $52,083

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

$133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31