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Duplexes Park Resort LLC Acquires 24 Acres Of Land In Cape Coral For $4.2M

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SOLD
$4,200,000

Florida

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Sold 06/01/2022
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Property Image
SOLD

Duplexes Park Resort LLC Acquires 24 Acres Of Land In Cape Coral For $4.2M

1322 Northeast 12th Avenue, Cape Coral, Florida 33909, United States

See Similar Deals
Sold 06/01/2022
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Summary

FLORIDA
Transaction Type:Sale

Built on a sprawling piece of land totaling 24 acres, a property transaction took place in Cape Coral's market. The property, located at 1322 NE 12 Ave, was put up for sale. The transaction involved the buyer, Duplexes Park Resort LLC, and the seller, CC Properties Investors II LLC.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $4,200,000

The deal was facilitated by the brokers, Bob O’Connor and Michael Price, representing LandQwest Commercial Real Estate Services. Their expertise and guidance contributed to the successful completion of the transaction.

Players

Michael Price
1 deal$4.2M volume
BROKER

Bob O’Connor
LandQwest Commercial
1 deal$4.2M volume
BROKER

Details

SOLD
IMAGE: Bob O’Connor & Michael Price DATE: 06/01/2022 ADDRESS: 1322 NE 12 Ave MARKET: Cape Coral ASSET TYPE: Land ~ ACRES: 24 BUYER: Duplexes Park Resort LLC SELLER: CC Properties Investors II LLC BROKERS: Bob O’Connor & Michael Price - LandQwest Commercial Real Estate Services SALE PRICE: $4,200,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71