Triad Real Estate Partners Facilitates $1.31M Sale Of Multifamily Property In Wheeling, IL
430 Pleasant Run Drive & 432 Pleasant Run Drive
$1,310,000
$58/SF
Building Size
22,400 SF
Asset Type
MultiFamily
Closing
Feb 9, 2024
AI
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.
Wheeling MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93