Updated Dec 4, 2024
Multifamily Property On East Green Street In Urbana Sold For $1.12M Represented By Carol Meinhart And Brandon Moore
504 East Green Street & 506 East Green Street
$1,120,000
Units
20
Asset Type
MultiFamily
Closing
Jan 30, 2024
About this deal
AI
504-506 East Green Street in Urbana, a multifamily property spanning 0.42 acres, was sold for $1.12 million. The property comprises 20 units with a per unit price of $56,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,120,000
- Market: Urbana
- Address: 504-506 East Green Street
- Buyer's Representative: Carol Meinhart - The Real Estate Group, Inc
- Seller's Representative: Brandon Moore - Re/Max Choice
- Units: 20
- Per Unit Price: $56,000
The buyer in this transaction was represented by Carol Meinhart from The Real Estate Group, Inc, while the seller was represented by Brandon Moore from Re/Max Choice.
Players
Urbana 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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93