Updated Dec 19, 2023
Interra Realty Brokers $1.02M Multifamily Sale In Lansing
3007 Bernice Road, Lansing, Illinois 60438, United States
$1,020,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 29, 2022
About this deal
AI
The multifamily property located at 3007 & 3037 Bernice Rd in Lansing has been sold for a total price of $1,020,000. The transaction took place on June 30, 2022. The property, captured in an image by Michael Duckler, is situated in the Lansing market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,020,000
- Address: 3007 & 3037 Bernice Rd
- Market: Lansing
Leading the deal was broker Michael Duckler of Interra Realty, who facilitated the transaction between the buyer and seller.
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
15.55%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93