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551 Lies Road West, Carol S...

Horvath & Tremblay Brokers Sell Multifamily Property In Carol Stream, IL For $650K
SOLDMultiFamily

Horvath & Tremblay Brokers Sell Multifamily Property In Carol Stream, IL For $650K

551 Lies Road West, Carol Stream, Illinois 60188, United States

$650,000

$98/SF

Building Size

6,595 SF

Asset Type

MultiFamily

Closing

May 19, 2022

AI

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.

Players

Anthony Spangler

Horvath & Tremblay

Broker

$38.7M

vol

13 deals

Broker

Carol Stream 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

24.40%

Cash-on-Cash

-6.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93