Updated Dec 21, 2023
Orland Park Multifamily Sells For $6.25M With Essex Realty Group As Reps
10600 Alice Mae Court
$6,250,000
$554/SF
Building Size
11,269 SF
Asset Type
MultiFamily
Closing
Oct 9, 2020
About this deal
AI
The multifamily property located at 10600-10618 Alice Mae Court in Orland Park has been sold for a total price of $6,250,000. The transaction took place on 10/09/2020 and was facilitated by brokers Matt Feo and Doug Fisher from Essex Realty Group. The property consists of 16 units, with a price per unit (PPU) of $390,625.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $6,250,000
- Units: 16
- Price Per Unit (PPU): $390,625
- Date: 10/09/2020
- Address: 10600-10618 Alice Mae Court, Orland Park
- Market: Orland Park
- Brokers: Matt Feo & Doug Fisher - Essex Realty Group
This successful transaction was made possible through the expertise and representation of Matt Feo and Doug Fisher from Essex Realty Group. The involvement of these brokers highlights their commitment to providing exceptional service and ensuring smooth real estate deals for their clients.
Players
Orland Park 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93