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Anish Sheth & John Warren Broker $1.81 Sale Of La Grange Multifamily Asset
SOLD
Illinois
See Similar DealsMultiFamily
Sold
SOLD
Anish Sheth & John Warren Broker $1.81 Sale Of La Grange Multifamily Asset
15 South Spring Avenue
See Similar DealsMultiFamily
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
Located at 15 South Spring Avenue in La Grange, the property is an eleven-unit multifamily asset that was recently sold for $1,810,000. With a per unit price of approximately $164,545, this property is situated in the La Grange market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,810,000
- Address: 15 South Spring Avenue
- Market: La Grange
- Units: 11
- Buyer's Rep: Anish Sheth - Third Coast Realty
- Seller's Rep: John Warren - Forte Properties
- PPU: $164,545
Anish Sheth of Third Coast Realty represented the buyer in this transaction, while John Warren of Forte Properties was the seller's representative for the sale of the multifamily property at 15 South Spring Avenue in La Grange.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,430.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,580.32
Annual Debt Service$102,963.88
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