Updated Oct 28, 2024
Vast Properties 801, LLC Acquires 72-Unit Multifamily In East Moline, IL For $8.65M
801 Bend Blvd, East Moline, Illinois 61244, United States
$8,650,000
$108/SF
Building Size
80,000 SF
Asset Type
MultiFamily
Closing
Dec 3, 2021
About this deal
AI
Vast Properties 801, LLC has acquired a multifamily property located at 801 Bend Boulevard in East Moline, IL. The property, spanning 80,000 square feet, consists of 72 units. The transaction took place on 12/03/2021, with an asking price and sale price of $8,650,000. The buyer was represented by Sean Dailey from Claim Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,650,000
- Units: 72
- Price per Unit: $120,139
- Square Footage: 80,000
- Price per Square Foot: $108
- Address: 801 Bend Boulevard, East Moline, IL
- Market: East Moline, IL
The seller of the property was East Moline Glass, LLC. Sean Dailey, representing Claim Realty, facilitated the transaction on behalf of the buyer, Vast Properties 801, LLC.
Players
East Moline 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
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93