Triad Real Estate Partners Facilitates $1.31M Sale Of Multifamily Property In Wheeling, IL
SOLD
$1,310,000
Illinois
See Similar DealsMultiFamily22,400 SF
Sold 02/09/2024
SOLD
Triad Real Estate Partners Facilitates $1.31M Sale Of Multifamily Property In Wheeling, IL
430 Pleasant Run Drive & 432 Pleasant Run Drive
See Similar DealsMultiFamily22,400 SF
Sold 02/09/2024
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$58
Total Square Footage:22,400 SF
Transaction Type:Sale
The multifamily property located at 430 Pleasant Run Drive & 432 Pleasant Run Drive in Wheeling, IL has been sold. The sale took place on 02/09/2024 and was facilitated by George Javaras from Triad Real Estate Partners. The property consists of 12 units with a sale price of $1,310,000, resulting in a per unit price of $109,167. The total square footage of the property is 11,200, with a price per square foot of $117.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,310,000
- Units: 12
- Price Per Unit: $109,167
- Square Footage: 11,200
- Price Per Square Foot: $117
George Javaras from Triad Real Estate Partners played a key role as the broker in this transaction, representing the buyer or seller. Their expertise and negotiation skills contributed to the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,654.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,210.07
Annual Debt Service$74,520.82
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