Horvath & Tremblay Brokers Sell Multifamily Property In Carol Stream, IL For $650K
SOLD
$650,000
Illinois
See Similar DealsMultiFamily6,595 SF
Sold 05/20/2022
SOLD
Horvath & Tremblay Brokers Sell Multifamily Property In Carol Stream, IL For $650K
551 Lies Road West, Carol Stream, Illinois 60188, United States
See Similar DealsMultiFamily6,595 SF
Sold 05/20/2022
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$98
Total Square Footage:6,595 SF
Transaction Type:Sale
Located at 551 W Lies Rd in Carol Stream, IL, this multifamily property recently changed hands in a closed transaction. The property comprises 6 units, spread across 6,595 square feet. The sale price for this asset was $650,000, resulting in a per-unit price of $108,333. The price per square foot stands at $99.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $650,000
- Units: 6
- Price Per Unit: $108,333
- Square Footage: 6,595
- Price Per Square Foot: $99
- Address: 551 W Lies Rd, Carol Stream, IL
The sale was facilitated by Ryan Link, Andrew O'Connell, and Anthony Spangler from Horvath & Tremblay, who represented the parties involved in the transaction. This successful deal exemplifies their expertise and commitment in the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$34,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,309.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,081.33
Annual Debt Service$36,975.98
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