RamSu Properties LLC Acquires Multifamily Property In Aurora For $1.326M
1125 Tollview Avenue, Aurora, Illinois 60505, United States
$1,326,000
$157/SF
Building Size
8,396 SF
Asset Type
MultiFamily
Closing
Apr 27, 2022
AI
RamSu Properties LLC has acquired a multifamily property located at 1125 Tollview Ave in Aurora. The property consists of 10 units with a total square footage of 8,396. The sale price was $1,326,000, higher than the initial asking price of $1,295,000. This translates to a price per unit of $132,600 and a price per square foot of $158.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,326,000
- Address: 1125 Tollview Ave, Aurora
- Market: Aurora
- Buyer: RamSu Properties LLC
- Seller: Palace Properties LLC
- Broker: Randolph Taylor - eXp Commercial
It is worth noting that there were multiple offers on the property, resulting in a sale price that exceeded the initial list price.
Players
Aurora MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.96%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93