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Multifamily Property At 1663 County Highway 42 Sold For $1.1M In Shelbyville

Property Image
SOLD
$1,100,000

Illinois

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MultiFamily
Sold 08/15/2024
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Property Image
SOLD

Multifamily Property At 1663 County Highway 42 Sold For $1.1M In Shelbyville

1663 County Hwy 42

See Similar Deals
MultiFamily
Sold 08/15/2024
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 1663 County Highway 42 in Shelbyville has been sold, encompassing an area of 17.68 acres. The transaction was completed for a price of $1,100,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Address: 1663 County Highway 42
  • Market: Shelbyville
  • Acres: 17.68

The deal was facilitated by Jon Fisher, who acted as the broker for the transaction representing Mr. Landman.

Players

Jon Fisher
Mr. Landman
Jon Fisher
2 deals$2.6M volume(217) 202-0924
BROKER

Details

SOLD
IMAGE: Jon Fisher DATE: 08/15/2024 ADDRESS: 1663 County Highway 42 MARKET: Shelbyville ASSET TYPE: Multifamily ~ ACRES: 17.68 BROKER: Jon Fisher - Mr. Landman SALE PRICE: $1,100,000 NOTE: A multifamily property at 1663 County Highway 42 in Shelbyville sold for $1.1 million. The deal was brokered by Jon Fisher of Mr. Landman.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73