Updated Dec 20, 2023
Triad Real Estate Partners Sells Multifamily Property In Frankfort, Ind For $9.3M
55 North Jackson Street, Frankfort, Indiana 46041, United States
$9,300,000
$1,601/SF
Building Size
5,808 SF
Asset Type
MultiFamily
Closing
Jan 5, 2022
About this deal
AI
The multifamily property located at 55 N. Jackson St in Frankfort, Ind has been sold. The transaction took place on January 5, 2022. The property consists of 79 units, with a per unit price of $117,722. The total sale price for the property was $9,300,000. Triad Real Estate Partners represented the seller in this deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,300,000
- Address: 55 N. Jackson St, Frankfort, Ind
- Market: Frankfort, Ind
This transaction was facilitated by Triad Real Estate Partners, who acted as the broker for the seller. They played a key role in negotiating and finalizing the deal for the multifamily property located at 55 N. Jackson St.
Players
Frankfort 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93