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1231 North Galena Avenue

Randolph Taylor Acquires Multifamily Property In Dixon For $924,500
SOLDMultiFamily

Randolph Taylor Acquires Multifamily Property In Dixon For $924,500

1231 North Galena Avenue

$924,500

$39/SF

Building Size

23,162 SF

Asset Type

MultiFamily

Closing

Jul 22, 2022

AI

The multifamily property located at 1231 N Galena Ave in Dixon was recently sold in a closed transaction. The property consists of 21 units, with a total square footage of 23,162. The sale price for this transaction was $924,500, resulting in a price per unit of $44,024 and a price per square foot of $40. The property is situated in the Dixon market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $924,500
  • Units: 21
  • Price per Unit: $44,024
  • Square Footage: 23,162
  • Price per Square Foot: $40

Randolph Taylor, a CCIM Multifamily Investment Sales Broker with the Chicago-Naperville eXp Commercial office, represented both the buyer and seller in this transaction. Randolph can be contacted at 630-474-6441 or [email protected].

Players

Randolph Taylor

EXP Realty

Broker

$25.8M

vol

9 deals

Broker

Dixon 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

17.16%

Cash-on-Cash

-4.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93