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15 South Spring Avenue

Anish Sheth & John Warren Broker $1.81 Sale Of La Grange Multifamily Asset
SOLDMultiFamily

Anish Sheth & John Warren Broker $1.81 Sale Of La Grange Multifamily Asset

15 South Spring Avenue

$1,810,000

Building Size

Asset Type

MultiFamily

Closing

May 3, 2024

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:

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

John Warren

Forte Properties

Broker

$4.7M

vol

3 deals

Broker

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