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Randolph Taylor Brokers $2.8M Sale Of Multifamily Property In Aurora
SOLD
$2,800,000
Illinois
See Similar DealsMultiFamily23,652 SF
Sold 05/24/2024
SOLD
Randolph Taylor Brokers $2.8M Sale Of Multifamily Property In Aurora
1015 North Farnsworth Avenue
See Similar DealsMultiFamily23,652 SF
Sold 05/24/2024
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:
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Address: 1015 North Farnsworth Avenue
- Market: Aurora
- SF: 23,652
- PPSF: $118
- Broker: Randolph Taylor - EXP Realty
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.
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Deal Type
30 years
10 years
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
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