Updated Mar 25, 2025
MultiFamily Property At 553 565 Franklin Avenue Sold For $7.8M In Belleville
553 565 Franklin Avenue
$7,800,000
Units
60
Asset Type
MultiFamily
Closing
Mar 25, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily real estate located at 553 565 Franklin Avenue in Belleville. The transaction was finalized at a price of $7,800,000.00, consisting of a total of 60 units.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,800,000.00
- Address: 553 565 Franklin Avenue
- Market: Belleville
- Units: 60
The deal was facilitated by brokers Kevin McCrann and James McConnell, both representing Redwood Realty Advisors in the transaction. Their involvement was crucial in bringing the parties together to finalize the sale.
On the Map
$7,800,000
MultiFamily
View full map
Players
Belleville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Kevin McCrann to view all their deals.
Browse Belleville multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93