Horvath & Tremblay Brokers Sell Multifamily Property In Wheaton For $1.5M

An 8-unit multifamily property located at 505 W Front St in Wheaton has been sold for $1,500,500. The property spans across 6,096 square feet and was sold at a 5.89% cap rate. The transaction took place on June 10, 2022. The property was listed by Horvath & Tremblay, with Ryan Link, Andrew O'Connell, and Anthony Spangler as the brokers representing the deal.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,500,500
• Units: 8
• Price Per Unit: $187,562
• Square Footage: 6,096
• Cap Rate: 5.89%
• Address: 505 W Front St, Wheaton
• Market: Wheaton

Horvath & Tremblay facilitated the sale of the property located at 505 W Front St in Wheaton. Ryan Link, Andrew O'Connell, and Anthony Spangler from Horvath & Tremblay represented the deal as the brokers. The transaction closed on June 10, 2022.