Updated Sep 9, 2024
Coldwell Banker Realty's Cortney Marshall Represents Buyer In $1.05M Multifamily Sale On Willow Ln, Zion
2909 Willow Ln, Zion, IL, USA
$1,050,000
$100/SF
Building Size
10,501 SF
Asset Type
MultiFamily
Closing
Feb 15, 2021
About this deal
AI
A multifamily property located at 2909 Willow Ln in Zion was recently sold. The transaction took place on February 16, 2021. The property consists of 16 units and spans across 2 acres. The sale price for this property was $1,050,000, resulting in a price per unit of $65,625 and a price per acre of $525,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Units: 16
- Price per Unit: $65,625
- Acres: 2
- Price per Acre: $525,000
Cortney Marshall from Coldwell Banker Realty represented the buyer in this transaction, while Shannon Sourwine and Sean Dailey from @properties represented the seller.
Players
Zion 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93