Interra Realty Secures $4.55M Multifamily Sale In Westmont, IL
SOLD
$4,550,000
Illinois
See Similar DealsMultiFamily31,936 SF
Sold 03/03/2021
SOLD
Interra Realty Secures $4.55M Multifamily Sale In Westmont, IL
312-316 North Warwick Avenue, Westmont, IL, USA
See Similar DealsMultiFamily31,936 SF
Sold 03/03/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$142
Total Square Footage:31,936 SF
Transaction Type:Sale
The multifamily property located at 312-316 N. Warwick Ave in Westmont, IL has been sold for a price of $4,550,000. The transaction took place on 03/03/2021. The property consists of 32 units, with each unit having a price per unit (PPU) of $142,188.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,550,000
- Address: 312-316 N. Warwick Ave
- Market: Westmont, IL
- Units: 32
- Price per Unit (PPU): $142,188
The sale was facilitated by Brian DiBasilio and Craig Martin of Interra Realty. They 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)
$242,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,165.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,569.32
Annual Debt Service$258,831.86
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