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101 West Canedy Street

Updated Dec 4, 2024

Kyle Killebrew Of The Real Estate Group, Inc Sells Springfield Multifamily Property For $1,550,000 As Seller's Rep
SOLDMultiFamily

Kyle Killebrew Of The Real Estate Group, Inc Sells Springfield Multifamily Property For $1,550,000 As Seller's Rep

101 West Canedy Street

$1,550,000

$78/SF

Building Size

19,741 SF

Asset Type

MultiFamily

Closing

Apr 1, 2024

About this deal

AI

The multifamily property at 101 West Canedy Street in Springfield was sold for $1,550,000. This property consists of 26 units with a total area of 19,741 square feet, equating to a price per unit of $59,615 and a price per square foot of $79.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,550,000
  • Address: 101 West Canedy Street
  • Market: Springfield
  • Units: 26
  • Price per Unit: $59,615
  • Total Area: 19,741 sqft
  • Price per Square Foot: $79
  • Buyer's Rep: RE/MAX Professionals
  • Seller's Rep: Kyle Killebrew - The Real Estate Group, Inc

The sale of this multifamily property was facilitated by RE/MAX Professionals, representing the buyer, and Kyle Killebrew from The Real Estate Group, Inc, who represented the seller. The transaction involving these key individuals and companies ensured the successful transfer of ownership of the property at 101 West Canedy Street in Springfield.

Players

Kyle Killebrew

The Real Estate Group

Broker

$1.6M

vol

1 deal

Broker

Springfield MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $78 per square foot on a published $1.6M for 19,741 square feet (2024).

Visit The Real Estate Group to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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