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712 North Golfcrest Road

Two Multifamily Properties In Normal Sold For $1.3M With Buyer's Rep Jenny Scott - Keller Williams Revolution And Seller's Rep Laura Pritts - AXIS 360
SOLDMultiFamily

Two Multifamily Properties In Normal Sold For $1.3M With Buyer's Rep Jenny Scott - Keller Williams Revolution And Seller's Rep Laura Pritts - AXIS 360

712 North Golfcrest Road & 715 North Golfcrest Road

$1,256,250

$30/SF

Building Size

40,656 SF

Asset Type

MultiFamily

Closing

Feb 12, 2024

AI

Two multifamily properties at 712 & 715 North Golfcrest Road in Normal were sold for $1,256,250, with a total square footage of 20,328 and a price per square foot of $62.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,256,250
  • Address: 712 & 715 North Golfcrest Road, Normal
  • Market: Normal
  • Acres: 1.11

The buyer, represented by Jenny Scott of Keller Williams Revolution, acquired the multifamily properties. The seller, Laura Pritts, was represented by AXIS 360.

Note: The transaction involved the sale of two multifamily properties located at 712 & 715 North Golfcrest Road in Normal. The properties were sold for a total of $1,256,250, with a combined square footage of 20,328. The buyer was represented by Jenny Scott of Keller Williams Revolution, while Laura Pritts of AXIS 360 represented the seller.

Players

Laura Pritts

AXIS 360 Commercial Real Estate Specialists

Broker

$2.8M

vol

2 deals

Broker

Normal 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

12.63%

Cash-on-Cash

-3.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93