Updated Dec 4, 2024
Allison Vitella And Charles Way Of Howard Hanna Rand Realty Represent Buyer In Madison Multifamily Sale For $1.45M
6 Loveland Street
$1,450,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 28, 2024
About this deal
AI
A multifamily property located at 6 Loveland Street in Madison has been sold for $1,450,000. This property encompasses 0.26 acres.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 6 Loveland Street
- Market: Madison
- Acres: 0.26
- Buyer's Representative: Allison Vitella & Charles Way - Howard Hanna Rand Realty
- Seller's Representative: Adrienne Desimone - DeSimone Realty
The transaction involved Allison Vitella and Charles Way representing the buyer, while Adrienne Desimone acted as the seller's representative. The collaboration ensured the successful closing of this multifamily asset transaction.
On the Map
$1,450,000
MultiFamily
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Players
Madison 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93