Updated Dec 21, 2023
Kyle Sissell Of Kiser Group Sells Multifamily Property In Gary & Highland, Indiana For $1.175M
3600 Washington Street, Gary, IN, USA
$1,175,000
$1/SF
Building Size
1,769,117 SF
Asset Type
MultiFamily
Closing
Nov 1, 2021
About this deal
AI
Located in Gary & Highland, Indiana, this multi-family property at 3600 Washington Street and 9626 Forrest Drive recently changed hands in a sale transaction. The deal was facilitated by Kyle Sissell from Kiser Group.
Summary of transaction details
- Property Type: MultiFamily
- Sale Price: $1,175,000
- Units: 17
- Price per Unit: $69,117
- Date of Sale: 11/01/2021
- Market: Gary & Highland, Indiana
Kyle Sissell from Kiser Group acted as the broker in this transaction. The property consists of 17 units, with each unit being sold at an average price of $69,117. The sale price for the entire property was $1,175,000. The deal took place on November 1, 2021, in the market of Gary & Highland, Indiana.
Players
Gary 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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93