Eric Wagner & James Ziegle Of Marcus & Millichap Sell Belvidere Multifamily For $2.2M
2103 Christi Lane, Belvidere, IL, USA
$2,202,286
$50/SF
Building Size
43,800 SF
Asset Type
MultiFamily
Closing
Dec 8, 2020
AI
Located in Belvidere, the multifamily property at 2103 Christi Lane was recently sold in a closed transaction. The sale was facilitated by Marcus & Millichap brokers Eric Wagner and James Ziegle. The property consists of 49 units, with a price per unit (PPU) of $44,945, resulting in a total sale price of $2,202,286.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,202,286
- Address: 2103 Christi Lane
- Market: Belvidere
- Brokers: Eric Wagner & James Ziegle - Marcus & Millichap
- Units: 49
- PPU: $44,945
The sale of the multifamily property at 2103 Christi Lane was successfully executed with the assistance of Eric Wagner and James Ziegle from Marcus & Millichap. This transaction highlights their expertise in facilitating closed deals in the Belvidere market.
Players
Belvidere MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.20%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93