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Horvath & Tremblay Brokers Sale Of 12-Unit Multifamily Property In Beecher
SOLD
$1,050,000
Illinois
See Similar DealsMultiFamily
Sold 01/02/2024
SOLD
Horvath & Tremblay Brokers Sale Of 12-Unit Multifamily Property In Beecher
648 Pasadena Avenue
See Similar DealsMultiFamily
Sold 01/02/2024
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.
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Deal Type
30 years
10 years
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
Annual Debt Service$59,730.43
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