Marcus & Millichap Brokers Sell Multifamily Property In Loves Park & Rockford, IL For $8.3M
5817 N 2nd St, Loves Park, IL, USA
$8,275,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 29, 2020
AI
Located in Loves Park and Rockford, IL, this multifamily property at 5817 N 2nd St & 215 N 4th St has recently been sold. The transaction, which took place on July 29, 2021, was facilitated by brokers Eric Wagner & James Ziegler from Marcus & Millichap. The property consists of 111 units, commanding a sale price of $8,275,000. This translates to an average price per unit of $74,550.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,275,000
- Units: 111
- Price Per Unit: $74,550
- Market: Loves Park & Rockford, IL
Eric Wagner and James Ziegler, representing Marcus & Millichap, successfully brokered the deal for this multifamily property.
Players
Loves Park 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
1.92%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93