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Peter Grant & Richard Hansen Facilitate $1.25M Sale Of 20-Unit Multifamily In Bradley

Property Image
SOLD
$1,250,000

Ohio

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MultiFamily
Sold 05/24/2024
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Property Image
SOLD

Peter Grant & Richard Hansen Facilitate $1.25M Sale Of 20-Unit Multifamily In Bradley

811 East Broadway Street & 825 East Broadway Street

See Similar Deals
MultiFamily
Sold 05/24/2024
Contact now

Summary

OHIO
Asset Type:MultiFamily
Transaction Type:Sale

A 20-unit multifamily property spanning 0.33 acres located at 811-825 East Broadway Street in Bradley was recently transacted for $1.25 million. The buyer, represented by Peter Grant of Berkshire Hathaway HomeServices, successfully acquired this well-maintained property with below-market rents. On the other side, the seller was represented by Richard Hansen of McColly Rosenboom.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Units: 20
  • Price Per Unit: $62,500
  • Address: 811-825 East Broadway Street
  • Market: Bradley

Berkshire Hathaway's Peter Grant and McColly Rosenboom's Richard Hansen played crucial roles in facilitating the transaction of this desirable multifamily property in Bradley. The property, known for its high occupancy levels and maintained condition, changed ownership as a result of their representation.

Players

Richard Hansen
4 deals$5.6M volume
BROKER

Peter Grant
Berkshire Hathaway HomeServices
1 deal$1.3M volume(815) 937-4370
BROKER

Details

SOLD
IMAGE: Peter Grant & Richard Hansen DATE: 05/24/2024 ADDRESS: 811-825 East Broadway Street MARKET: Bradley ASSET TYPE: Multifamily ~ ACRES: 0.33 BUYER'S REP: Peter Grant - Berkshire Hathaway HomeServices (@BHHSRealEstate) SELLER'S REP: Richard Hansen - McColly Rosenboom SALE PRICE: $1,250,000 UNITS: 20 ~ PPU: $62,500 NOTE: Berkshire Hathaway's Peter Grant represented the buyer in the $1.25 million purchase of a 20-unit multifamily property at 811-825 East Broadway Street, Bradley. McColly Rosenboom's Richard Hansen represented the seller in this well-maintained, high-occupancy property with below-market rents.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$66,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65