Updated Sep 9, 2024
Interra Realty Facilitates $4.1M Sale Of Multifamily Property In Arlington Heights
202 North Salem Avenue
$4,135,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 29, 2022
About this deal
AI
A multifamily property located at 202-222 N. Salem Ave in Arlington Heights, IL has been sold for $4,135,000. The property is situated in the market of Arlington Heights, IL and features multiple residential units. The transaction took place on 10/29/2022 and was facilitated by Interra Realty.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $4,135,000
- Address: 202-222 N. Salem Ave
- Market: Arlington Heights, IL
Paul Waterloo and Patrick Kennelly from Interra Realty served as the brokers for the deal. They played a crucial role in representing the parties involved and ensuring a smooth transaction process.
Players
Arlington Heights 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
3.84%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93