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Mixed Use

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1301 South 2nd Street

Updated Dec 4, 2024

Clifford Accime Of Wealth Holdings Represents Seller In $1.7M Mixed-Use Sale In Plainfield
SOLDMixed-use

Clifford Accime Of Wealth Holdings Represents Seller In $1.7M Mixed-Use Sale In Plainfield

1301 South 2nd Street

$1,700,000

$233/SF

Building Size

7,282 SF

Asset Type

Mixed-use

Closing

Nov 1, 2024

About this deal

AI

A mixed-use apartment building located at 1301 South 2nd Street in Plainfield was sold. The transaction involved 8 units which feature 3 bedrooms and 1 bathroom each, along with 8 parking spaces. The sale price was $1,700,000, translating to a price per unit of $212,500. The total square footage of the building is 7,282, resulting in a price per square foot of $233.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,700,000
  • Units: 8
  • Price per Unit: $212,500
  • Total Square Footage: 7,282
  • Price per Square Foot: $233
  • Seller's Representative: Clifford Accime - Wealth Holdings
  • Lender: Rudy Renelique - Overture Capital

The transaction was facilitated by Clifford Accime, who represents the seller, Wealth Holdings, a company noted for leveraging over 10 years of experience in the Tri-State area focusing on off-market real estate acquisitions. Rudy Renelique acted as the lender through Overture Capital.

Players

Clifford Accime

Wealth Holdings

Broker

$1.7M

vol

1 deal

Broker

Plainfield Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $233 per square foot on a published $1.7M for 7,282 square feet (2024).

Visit Wealth Holdings to view all their deals.

Browse Plainfield mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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