Concentric Realty Acquires Multifamily Property In Elgin, IL For $1.25M
SOLD
$1,250,000
Illinois
See Similar DealsMultiFamily24,627 SF
Sold 06/03/2020
SOLD
Concentric Realty Acquires Multifamily Property In Elgin, IL For $1.25M
13110 Birch Drive, Elgin, Illinois, USA
See Similar DealsMultiFamily24,627 SF
Sold 06/03/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$50
Total Square Footage:24,627 SF
Transaction Type:Sale
A multifamily property located at 1121 Birch Dr in Elgin, IL was recently sold for a total of $1,250,000. The transaction took place on 06/03/2021 and involved the sale of 16 units. The price per unit was $78,125.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 1121 Birch Dr, Elgin, IL
- Date: 06/03/2021
- Market: Elgin, IL
The buyer was represented by Weijia Tong from Concentric Realty, Inc. On the other hand, the seller was represented by Jee Ramangkoun from Executive Realty Group LLC.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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