GMA North 1 LLC Acquires Multifamily Property In Rolling Meadows For $1.225M
2341 Algonquin Road, Rolling Meadows, IL, USA
$1,225,000
$71/SF
Building Size
17,265 SF
Asset Type
MultiFamily
Closing
Oct 25, 2021
AI
GMA North 1 LLC has acquired a multifamily property located at 2341 Algonquin Road in Rolling Meadows. The transaction, which took place on October 25, 2021, was facilitated by brokers Matt Halper & Danny Mantis of Kiser Group.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Address: 2341 Algonquin Road
- Market: Rolling Meadows
- Buyer: GMA North 1 LLC
- Brokers: Matt Halper & Danny Mantis - Kiser Group
The multifamily property consists of 16 units and spans approximately 17,265 square feet. The price per unit is approximately $76,563, and the price per square foot is approximately $71.
Players
Rolling Meadows 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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93