SOLDMultiFamily
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
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.
Players
Lansing MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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