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Horvath & Tremblay Brokers Sale Of 12-Unit Multifamily Property In Beecher

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SOLD
$1,050,000

Illinois

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MultiFamily
Sold 01/02/2024
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SOLD

Horvath & Tremblay Brokers Sale Of 12-Unit Multifamily Property In Beecher

648 Pasadena Avenue

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MultiFamily
Sold 01/02/2024
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Summary

ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale

648 Pasadena Avenue in Beecher, a multifamily property with 12 units, has been sold for $1,050,000. The per-unit price for this transaction was $87,500. The sale was brokered by Anthony Spangler of Horvath & Tremblay.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Units: 12
  • Price per Unit: $87,500
  • Broker: Anthony Spangler - Horvath & Tremblay

This sale of 648 Pasadena Avenue in Beecher highlights the successful involvement of Anthony Spangler from Horvath & Tremblay as the broker for this transaction. The sale price of $1,050,000 reflects a per-unit price of $87,500.

Players

Anthony Spangler
13 deals$38.7M volume
BROKER

Details

SOLD
IMAGE: Anthony Spangler DATE: 01/02/2024 ADDRESS: 648 Pasadena Avenue MARKET: Beecher ASSET TYPE: Multifamily BROKER: Anthony Spangler (@_Anthony_Spangler_) - Horvath & Tremblay SALE PRICE: $1,050,000 UNITS: 12 ~ PPU: $87,500 NOTE: 648 Pasadena Avenue in Beecher, a multifamily property with 12 units, has been sold for $1,050,000, with a per-unit price of $87,500. The transaction was brokered by Anthony Spangler of Horvath & Tremblay.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
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