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6615 West Lloyd Drive, Wort...

Updated Dec 21, 2023

Interra Realty Facilitates $2M Sale Of Multifamily Property In Worth, IL
SOLDMultiFamily

Interra Realty Facilitates $2M Sale Of Multifamily Property In Worth, IL

6615 West Lloyd Drive, Worth, IL, USA

$2,016,000

$124/SF

Building Size

16,200 SF

Asset Type

MultiFamily

Closing

Nov 23, 2021

About this deal

AI

The multifamily property located at 6615-6619 W Lloyd Dr in Worth, IL has been sold for a total price of $2,016,000. The sale transaction was completed on November 23, 2021. The property consists of 18 units, with each unit priced at $112,000. The total square footage of the property is 16,200, equating to a price per square foot of $124. The transaction was facilitated by Michael Duckler from Interra Realty.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,016,000
  • Units: 18
  • Price per Unit: $112,000
  • Square Footage: 16,200
  • Price per Square Foot: $124
  • Address: 6615-6619 W Lloyd Dr, Worth, IL
  • Market: Worth, IL

This transaction highlights the involvement of Michael Duckler from Interra Realty as the broker representing the parties involved in the deal. The successful completion of the sale demonstrates the expertise and professionalism exhibited by Michael Duckler and the Interra Realty agency in handling multifamily property transactions in Worth, IL.

Players

Michael Duckler

Interra Realty

Broker

$89.5M

vol

24 deals

Broker

Worth MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $124 per square foot on a published $2M for 16,200 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.87%

Cash-on-Cash

-2.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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