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449 W Downer Pl, Aurora, IL...

FCA Sells Aurora Property At 449 W Downer Pl For $2,000,000 With James Clough As Buyer's Rep
SOLDMultiFamily

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

James Clough

Real Realty

Broker

$46.2M

vol

11 deals

Broker
Triad Real Estate Partners
Triad Real Estate PartnersBrokerage
FCA
FCASeller

Aurora MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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