Marcus & Millichap Brokers Sell 129-Unit Multifamily Property In Connersville, Indiana For $5.65M
SOLD
$5,650,000
Indiana
See Similar DealsMultiFamily
Sold 02/22/2023
SOLD
Marcus & Millichap Brokers Sell 129-Unit Multifamily Property In Connersville, Indiana For $5.65M
3600 Western Ave, Connersville, Indiana 47331, United States
See Similar DealsMultiFamily
Sold 02/22/2023
Summary
INDIANA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$301,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,073.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,783.88
Annual Debt Service$321,406.59
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