Serge Michaud Acquires Vacant Lot In Fort Lauderdale, FL For $2.9M
3018 Northeast 20th Court, Fort Lauderdale, Florida 33305, United States
$2,924,000
Building Size
—
Asset Type
—
Closing
Jan 12, 2022
About this deal
AI
A vacant lot located at 3018 Ne 20th Ct in Fort Lauderdale, FL was recently sold in a closed transaction. The property sits in the market of Fort Lauderdale and was sold on January 13, 2022. The buyer, Serge Michaud, acquired the vacant lot from the seller, Michael Edward Jones, for a total price of $2,924,000.
Summary of transaction details
- Property Type: Vacant Lot
- Transaction Amount: $2,924,000
- Address: 3018 Ne 20th Ct, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The deal was facilitated by Serge Michaud's representative, who acted on behalf of the buyer during the transaction.
Players
Fort Lauderdale CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.43%
Cash-on-Cash
-1.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93