Updated Dec 21, 2023
Interra Realty Sells Multifamily Property In Lansing For $1.62M
3015 Bernice Road, Lansing, Illinois 60438, United States
$1,620,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 14, 2022
About this deal
AI
A multifamily property located at 3015, 3023, and 3031 Bernice Rd in Lansing has been sold for $1,620,000. The sale took place on 07/15/2022. The property is situated in the Lansing market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,620,000
- Address: 3015, 3023, 3031 Bernice Rd, Lansing
- Date: 07/15/2022
- Market: Lansing
The sale was facilitated by Michael Duckler of Interra Realty, who represented the parties involved in the transaction.
The multifamily sale at 3015 Bernice Road, Lansing, Illinois 60438, United States in Lansing, Illinois sold for $1.6M in 2022. 3015 Bernice Road, Lansing, Illinois 60438, United States is classified as Multifamily on Traded. Michael Duckler, Interra Realty appear on the sale alongside Interra Realty. This page is the Lansing, Illinois file for the 3015 Bernice Road, Lansing, Illinois 60438, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Lansing sit in the Market section below. Filter that Lansing multifamily set by closing date to see what else sold near 3015 Bernice Road, Lansing, Illinois 60438, United States around 2022. Published consideration for 3015 Bernice Road, Lansing, Illinois 60438, United States is $1.6M, dated 2022. Cite this Interra Realty Sells Multifamily Property In Lansing For $1.62M sale when underwriting similar multifamily product around Lansing, Illinois.
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
9.79%
Cash-on-Cash
-2.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93