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Randolph Taylor Brokers $2.8M Sale Of Multifamily Property In Aurora

Property Image
SOLD
$2,800,000

Illinois

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MultiFamily23,652 SF
Sold 05/24/2024
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Property Image
SOLD

Randolph Taylor Brokers $2.8M Sale Of Multifamily Property In Aurora

1015 North Farnsworth Avenue

See Similar Deals
MultiFamily23,652 SF
Sold 05/24/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$118
Total Square Footage:23,652 SF
Transaction Type:Sale

The $2.8 million sale of a 23,652-square-foot multifamily property located at 1015 North Farnsworth Avenue in Aurora has been finalized. This property, covering 1.72 acres, was sold for $118 per square foot.

Summary of transaction details:

Randolph Taylor from EXP Realty played a pivotal role in brokering this deal, bringing together the buyer and seller to secure the transaction of the multifamily property.

Players

Randolph Taylor
9 deals$25.8M volume
BROKER

Details

SOLD
IMAGE: Randolph Taylor DATE: 05/24/2024 ADDRESS: 1015 North Farnsworth Avenue MARKET: Aurora ASSET TYPE: Multifamily ~ ACRES: 1.72 BROKER: Randolph Taylor - EXP Commercial SALE PRICE: $2,800,000 SF: 23,652 ~ PPSF: $118 NOTE: Randolph Taylor brokered the $2.8 million sale of a 23,652-square-foot multifamily property at 1015 North Farnsworth Avenue in Aurora. The property, spanning 1.72 acres, sold for $118 per square foot.

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

$149,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14