Ricke Realty LLC Acquires Multifamily Property In Lombard For $1.2M
SOLD
$1,200,000
Illinois
See Similar DealsMultiFamily6,044 SF
Sold 07/09/2020
SOLD
Ricke Realty LLC Acquires Multifamily Property In Lombard For $1.2M
739 East South Broadway Avenue, Lombard, IL, USA
See Similar DealsMultiFamily6,044 SF
Sold 07/09/2020
Summary
ILLINOIS
Asset Type:MultiFamily
Price Per Square Foot:$198
Total Square Footage:6,044 SF
Transaction Type:Sale
The multifamily property located at 739 E South Broadway Ave in Lombard, IL has been sold for a price of $1,200,000. With a total of 9 units, the price per unit (PPU) comes to $133,333. The property spans across 6,044 square feet, resulting in a price per square foot (PPSF) of $199.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 9
- PPU: $133,333
- Square Feet: 6,044
- PPSF: $199
- Address: 739 E South Broadway Ave, Lombard, IL
- Market: Lombard, IL
Jason Ricke from Ricke Realty LLC represented the buyer, while Richard Dawidiuk from RE/MAX Central Inc. represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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