SOLDMultiFamily
Marcus & Millichap Brokers Sell 129-Unit Multifamily Property In Connersville, Indiana For $5.65M
3600 Western Ave, Connersville, Indiana 47331, United States
$5,650,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 22, 2023
AI
A multifamily property located at 3600 Western Ave in Connersville, Indiana, has been sold for a total price of $5,650,000. This property consists of 129 units, making the per unit price approximately $43,798.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,650,000
- Address: 3600 Western Ave, Connersville, Indiana
- Market: Connersville, Indiana
- Brokers: Aaron Kuroiwa & Tony Rogers - Marcus & Millichap
- Total Units: 129
- Price Per Unit: $43,798
The sale of this multifamily property was facilitated by Aaron Kuroiwa and Tony Rogers of Marcus & Millichap.
Connersville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93