Harold Blue Acquires Hollywood Condo For $3.15M From Seller Doug Huff - Avanti Way Realty
SOLD
$3,150,000
Florida
See Similar DealsCondo3,163 SF
Sold 03/01/2023
SOLD
Harold Blue Acquires Hollywood Condo For $3.15M From Seller Doug Huff - Avanti Way Realty
3951 South Ocean Drive 1601
See Similar DealsCondo3,163 SF
Sold 03/01/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$995
Total Square Footage:3,163 SF
Transaction Type:Sale
Located at 3951 South Ocean Drive in Hollywood, this condo was recently sold in a closed transaction. The property spans 3,163 square feet and offers breathtaking ocean views. The sale price for this condo was $3,150,000, with a price per square foot of $996.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,150,000
- Square Footage: 3,163
- Address: 3951 South Ocean Drive
- Market: Hollywood
Harold Blue purchased this stunning oceanfront condo, while Doug Huff served as the seller. The transaction was facilitated by Joseph Khalil, a representative from Avanti Way Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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