Updated Dec 4, 2024
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
Plainfield Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
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