Kiser Group Sells Multifamily Property In Evanston For $1.675M
SOLD
$1,675,000
Illinois
See Similar DealsMultiFamily
Sold 01/12/2021
SOLD
Kiser Group Sells Multifamily Property In Evanston For $1.675M
820-822 Reba Place, Evanston, IL, USA
See Similar DealsMultiFamily
Sold 01/12/2021
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 820-822 Reba Place in Evanston was recently sold for a price of $1,675,000. The property consists of 12 units, bringing the price per unit to $139,583. The transaction took place on January 12, 2021. The sale was facilitated by brokers Matt Halper, Danny Mantis, and Lee Kiser of Kiser Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,675,000
- Address: 820-822 Reba Place
- Market: Evanston
- Units: 12
- Price per Unit: $139,583
Matt Halper, Danny Mantis, and Lee Kiser from Kiser Group were the brokers representing the parties involved in the sale of this multifamily property in Evanston.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,950.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,940.35
Annual Debt Service$95,284.25
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