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Calumet City Multifamily Property Sells For $1.85M With Broker Anthony Spangler Of Horvath & Tremblay
SOLD
$1,850,000
Illinois
See Similar DealsMultiFamily
Sold 12/19/2023
SOLD
Calumet City Multifamily Property Sells For $1.85M With Broker Anthony Spangler Of Horvath & Tremblay
559 Wentworth Avenue
See Similar DealsMultiFamily
Sold 12/19/2023
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 559 Wentworth Avenue in Calumet City has recently been sold for $1,850,000. The transaction was brokered by Anthony Spangler of Horvath & Tremblay.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Market: Calumet City
- Broker: Anthony Spangler - Horvath & Tremblay
This sale represents a successful transaction involving a multifamily property in Calumet City. The property, located at 559 Wentworth Avenue, was sold for a total of $1,850,000. Anthony Spangler of Horvath & Tremblay played a key role in brokering the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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