Interra Realty Sells Multifamily Property In Lansing For $1.62M
SOLD
$1,620,000
Illinois
See Similar DealsMultiFamily
Sold 07/14/2022
SOLD
Interra Realty Sells Multifamily Property In Lansing For $1.62M
3015 Bernice Road, Lansing, Illinois 60438, United States
See Similar DealsMultiFamily
Sold 07/14/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,755.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,679.63
Annual Debt Service$92,155.52
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