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3-7 North 4th Avenue

Michael Ibarra Of Re/Max Enterprises Brokers Multifamily Sale At 3-7 North 4th Avenue For $1.15M
SOLDMultiFamily

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

Michael Ibarra

Re/Max

Broker

$1.2M

vol

1 deal

Broker

Maywood 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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93