Updated Dec 21, 2023
Interra Realty Facilitates $5.1M Multifamily Sale In Lansing, IL
3001 Bernice Road, Lansing, Illinois 60438, United States
$5,138,000
Building Size
—
Asset Type
MultiFamily
Closing
May 17, 2022
About this deal
AI
A multifamily property located at 3001 Bernice Rd in Lansing, IL has been sold for a price of $5,138,000. The transaction took place on May 18, 2022, and the sale was facilitated by Michael Duckler of Interra Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,138,000
- Address: 3001 Bernice Rd, Lansing, IL
- Market: Lansing, IL
Michael Duckler of Interra Realty played a key role in the sale of this multifamily property. As the broker representing the buyer or seller, Duckler successfully facilitated the transaction, ensuring a smooth process and satisfactory outcome for all parties involved.
Players
Lansing 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
3.09%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93