Ben Useni Acquires Multifamily Property In New Lenox, IL For $1.925M
SOLD
$1,925,000
Illinois
See Similar DealsMultiFamily885 SF
Sold 07/13/2020
SOLD
Ben Useni Acquires Multifamily Property In New Lenox, IL For $1.925M
121 Town Crest Drive, New Lenox, IL, USA
See Similar DealsMultiFamily885 SF
Sold 07/13/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$2,175
Total Square Footage:885 SF
Transaction Type:Sale
A multifamily property located at 121 Town Crest Dr in New Lenox, IL was recently sold for a total price of $1,925,000. The transaction took place on July 13, 2021. The property sits on a 1-acre lot.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,925,000
- Address: 121 Town Crest Dr, New Lenox, IL
- Market: New Lenox, IL
The buyer was represented by Ben Useni from Charles Rutenberg Realty of IL, while the seller was represented by Peter & Michael Fleming from Marquette Properties, Inc. No additional information is available about the deal.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$102,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,839.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,125.48
Annual Debt Service$109,505.79
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