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Ross McCarthur Of Follow The Deal Investments Acquires Park Forest Apartments For $4.9M
SOLD
$4,900,000
Indiana
See Similar DealsMultiFamily
Sold 08/26/2025
SOLD
Ross McCarthur Of Follow The Deal Investments Acquires Park Forest Apartments For $4.9M
1005 North Park Forest Drive
See Similar DealsMultiFamily
Sold 08/26/2025
Summary
INDIANA
Asset Type:MultiFamily
Transaction Type:Sale
Park Forest Apartments is a 64-unit multifamily property located at 1005 North Park Forest Drive in Marion, IN. The property was sold for a transaction amount of $4,900,000, resulting in a price per unit of $76,563.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,900,000
- Units: 64
- Address: 1005 North Park Forest Drive
- Market: Marion, IN
- Buyer: Ross McCarthur - Follow The Deal Investments
- Seller: Pentagon Investment Group
- Brokers: Quentin Benedetto, Kyle Stengle & Jack Stanton - Marcus & Millichap
Quentin Benedetto, Kyle Stengle, and Jack Stanton represented the seller, Pentagon Investment Group, and successfully sourced the buyer, Ross McCarthur, of Follow The Deal Investments for this transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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