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127 Virginia Street

Horvath & Tremblay Brokers Sell Elmhurst Multifamily For $2.3M
SOLDMultiFamily

Horvath & Tremblay Brokers Sell Elmhurst Multifamily For $2.3M

127 Virginia Street

$2,300,000

$142/SF

Building Size

16,150 SF

Asset Type

MultiFamily

Closing

Sep 22, 2022

AI

The multifamily property located at 127 Virginia St in Elmhurst, IL has been sold in a recent transaction. The sale was facilitated by Ryan Link, Andrew O'Connell, and Anthony Spangler from Horvath & Tremblay. The property consists of 17 units with a sale price of $2,300,000. The price per unit is approximately $135,294, and the total square footage of the property is 16,150, resulting in a price per square foot of $142.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Address: 127 Virginia St, Elmhurst, IL
  • Market: Elmhurst, IL
  • Brokers: Ryan Link, Andrew O'Connell, and Anthony Spangler from Horvath & Tremblay
  • Units: 17
  • Price per Unit: $135,294
  • Square Footage: 16,150
  • Price per Square Foot: $142

This successful transaction demonstrates the expertise and professionalism of Ryan Link, Andrew O'Connell, and Anthony Spangler from Horvath & Tremblay. Their negotiation skills played a crucial role in finalizing the sale of the property at 127 Virginia St in Elmhurst, IL. The multifamily property offers a significant investment opportunity in the thriving Elmhurst market.

Players

Anthony Spangler

Horvath & Tremblay

Broker

$38.7M

vol

13 deals

Broker

Elmhurst 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93