FCA Sells Aurora Property At 449 W Downer Pl For $2,000,000 With James Clough As Buyer's Rep
449 W Downer Pl, Aurora, IL, 60506
$2,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
The property asset involved in this transaction is the Downer Place Apartments located at 449 W Downer Pl, Aurora, IL, which consists of 24 units. The sale price for the property was $2,000,000.00. This three-story building features four one-bedroom units and 20 two-bedroom units, with an average unit size of 1,150 square feet. The market value is situated in Aurora, Illinois.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $2,000,000.00
- Buyer: FCA
- Seller: FCA
- Buyer's Representative: James Clough - Triad Real Estate Partners
- Location: 449 W Downer Pl, Aurora, IL, 60506
- Units: 24
- Market: Aurora
James Clough of Triad Real Estate Partners represented both the undisclosed buyer and seller in this transaction. The deal highlights the involvement of a single entity acting in both roles, reflecting a unique arrangement in the real estate transaction process.
Players
Aurora 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93