Updated Dec 4, 2024
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.
Springfield 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93