Kathy Traina Sells 94-Unit Multifamily Property In Peoria For $4.1M
SOLD
$4,100,000
Illinois
See Similar DealsMultiFamily84,600 SF
Sold 11/30/2021
SOLD
Kathy Traina Sells 94-Unit Multifamily Property In Peoria For $4.1M
6709 North Terra Vista Drive, Peoria, IL 61614, USA
See Similar DealsMultiFamily84,600 SF
Sold 11/30/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$48
Total Square Footage:84,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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