Updated Dec 21, 2023
Kathy Traina Sells 94-Unit Multifamily Property In Peoria For $4.1M
6709 North Terra Vista Drive, Peoria, IL 61614, USA
$4,100,000
$48/SF
Building Size
84,600 SF
Asset Type
MultiFamily
Closing
Nov 30, 2021
About this deal
AI
The multifamily property located at 6709 N Terra Vista Dr in Peoria has been sold for a price of $4,100,000. The sale took place on November 30, 2021. The property consists of 94 units, with a price per unit of $43,617. The total square footage of the property is 84,600, with a price per square foot of $48.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Units: 94
- Price per Unit: $43,617
- Square Footage: 84,600
- Price per Square Foot: $48
- Address: 6709 N Terra Vista Dr, Peoria
- Market: Peoria
The seller of the property is Kathy Traina. The sale was facilitated by Daniel Sullivan and Shaun Buss, who represent Triad Real Estate Partners as brokers.
Players
Peoria 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93