Essex Realty Acquires Multifamily Property In Andersonville For $4.5M
1420 West Winnemac Avenue
$4,500,000
$243/SF
Building Size
18,500 SF
Asset Type
MultiFamily
Closing
Sep 23, 2022
AI
Located in Andersonville, the multifamily property at 1420-24 & 1426-28 W Winnemac Avenue recently changed hands in a sale transaction. The property consists of 12 units with a total area of 18,500 square feet. The sale price for this transaction was $4,500,000, resulting in a price per unit of $375,000. Additionally, the price per square foot was calculated at $243. Congratulations to everyone involved in this successful sale!
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Address: 1420-24 & 1426-28 W Winnemac Avenue
- Market: Andersonville
- Units: 12
- Price per Unit: $375,000
- Total Square Feet: 18,500
- Price per Square Foot: $243
The sale of this multifamily property was facilitated by Steve Livaditis and Brian Karmowski of Essex Realty. For any further inquiries about this transaction, please reach out to Essex Realty Group, Inc. We extend our congratulations once again to all parties involved!
Players
Winamac 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93