Dawna Samuels Acquires MultiFamily Property In Racine, WI For $9.35M
134 Main Street
$9,350,000
$118/SF
Building Size
78,748 SF
Asset Type
MultiFamily
Closing
Jul 5, 2023
AI
Located at 134 Main Street in Racine, WI, this multi-family property was recently sold. With a sale price of $9,350,000, the property comprises a total of 78 units. This translates to a price per unit of $119,872. Spanning across 78,748 square feet, the property has a price per square foot of $119.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $9,350,000
- Units: 78
- Price per Unit: $119,872
- Square Feet: 78,748
- Price per Square Foot: $119
- Address: 134 Main Street, Racine, WI
In this transaction, Dawna Samuels was the buyer. Eric Wagner, representing Marcus & Millichap, acted as the broker. With his expertise, Wagner facilitated the successful sale of this multi-family property.
Players
Racine 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
1.70%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93