Michael Ibarra Of Re/Max Enterprises Brokers Multifamily Sale At 3-7 North 4th Avenue For $1.15M
3-7 North 4th Avenue
$1,150,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 27, 2024
AI
A multifamily property located at 3-7 North 4th Avenue in Maywood has been sold for $1.15 million. The solid brick building features large 1-2 bedroom units, which include L-shaped living-dining combinations, kitchens equipped with pantry closets, and some units that boast balconies.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 3-7 North 4th Avenue
- Market: Maywood
- Broker: Michael Ibarra - Re/Max Enterprises
Michael Ibarra of Re/Max Enterprises facilitated the transaction, representing the seller in this deal. The sale reflects a strong price per unit value, showcasing the asset's market demand and appeal.
Players
Maywood 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93