Marcus & Millichap Sells Glen Ellyn Multifamily To Repeat Buyer For $1.06M
30 Briar St, Glen Ellyn, IL, 60137
$1,060,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 22, 2023
AI
The property involved in the sale is a well-maintained, fully occupied 12-unit multifamily asset located at 30 Briar Street in Glen Ellyn, Illinois. The property consists of all two-bedroom/one-bathroom units and was sold for $1,060,000. It offers easy access to Interstate 355, making it a desirable investment in the Glen Ellyn market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,060,000.00
- Buyer's Representative: Randolph Taylor (EXP Realty)
- Buyer: Unknown
The sale of the 12-unit apartment property was brokered by Marcus & Millichap, with Randolph Taylor representing the private investor buyer. This transaction was an all-cash deal and marked a successful acquisition by a repeat buyer for both the agent and the firm involved in the sale.
Players
Glen Ellyn 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
14.97%
Cash-on-Cash
-4.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93