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
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