Unknown Buyer Acquires Bolingbrook Property For $1.18M With Seller's Rep Adam Fortino
SOLD
$1,180,000
Illinois
See Similar DealsMultiFamily
Sold 02/14/2019
SOLD
Unknown Buyer Acquires Bolingbrook Property For $1.18M With Seller's Rep Adam Fortino
375 Newcastle Ln, Bolingbrook, IL, 60...
See Similar DealsMultiFamily
Sold 02/14/2019
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The property asset involved in the transaction is a 12-unit apartment building located at 375 Newcastle Lane, Bolingbrook, IL. It features all two-bedroom/one-bath units with tenant-paid utilities, in-unit laundry facilities, and ample off-street parking. The transaction was executed for a total amount of $1,180,000.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $1,180,000.00
- Address: 375 Newcastle Ln, Bolingbrook, IL
- Market: Bolingbrook
- Seller's Representative: Adam Fortino - Marcus & Millichap
- Buyer: Unknown
- Seller: Not specified
- Square Footage: 0
Adam Fortino, a senior associate in Marcus & Millichap’s Chicago Oak Brook office, exclusively marketed the property on behalf of the seller. The sale was announced by Steven D. Weinstock, regional manager of the firm's Chicago Oak Brook office.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,192.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,593.80
Annual Debt Service$67,125.62
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