Updated Dec 19, 2023
Kelly Perryman Acquires Peoria Multifamily For $45M
2401 West Alta Road, Peoria, Illinois 61615, United States
$45,000,000
Units
304
Asset Type
MultiFamily
Closing
Sep 12, 2022
About this deal
AI
The multifamily property located at 2401 West Alta Road in Peoria, was recently sold in a closed transaction. The property consists of 304 units, with each unit having a price per unit of $148,026. The sale took place on September 13, 2022, and the transaction was facilitated by Northmarq, a reputable brokerage firm. The buyer of the property was Kelly Perryman, while the seller was Harriet Rostoff.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $45,000,000
- Address: 2401 West Alta Road
- Market: Peoria
Northmarq, a well-known brokerage agency, represented the parties involved in this transaction. Their expertise ensured a smooth and successful sale of the multifamily property.
Players
Peoria 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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93