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
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