Updated Dec 4, 2024
Anish Sheth & John Warren Broker $1.81 Sale Of La Grange Multifamily Asset
15 South Spring Avenue
$1,810,000
Units
11
Asset Type
MultiFamily
Closing
May 3, 2024
About this deal
AI
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.
Players
La Grange 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
8.76%
Cash-on-Cash
-2.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93