Coldwell Banker Realty's Cortney Marshall Represents Buyer In $1.05M Multifamily Sale On Willow Ln, Zion
SOLD
$1,050,000
Illinois
See Similar DealsMultiFamily10,501 SF
Sold
SOLD
Coldwell Banker Realty's Cortney Marshall Represents Buyer In $1.05M Multifamily Sale On Willow Ln, Zion
2909 Willow Ln, Zion, IL, USA
See Similar DealsMultiFamily10,501 SF
Sold
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$100
Total Square Footage:10501 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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