Georgette Gillis Acquires 0.69 Acre Land In Clearwater For $7.9M
SOLD
$7,900,000
Florida
See Similar DealsLand
Sold 01/24/2023
SOLD
Georgette Gillis Acquires 0.69 Acre Land In Clearwater For $7.9M
635 Mandalay Avenue
See Similar DealsLand
Sold 01/24/2023
Summary
FLORIDA
Asset Type:Land
Transaction Type:Sale
A land property located at 635 Mandalay Ave in Clearwater was recently sold for $7,900,000. The property spans approximately 0.69 acres, making it an attractive investment opportunity in the market.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $7,900,000
- Address: 635 Mandalay Ave, Clearwater
- Market: Clearwater
- Asset Type: Land
- ACRES: 0.69
- BROKER: Georgette Gillis - Viewpoint Realty Int'l Inc
Georgette Gillis from Viewpoint Realty Int'l Inc represented the parties involved in this sale. Their expertise and negotiation skills played a crucial role in finalizing the deal successfully.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$421,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,067.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,450.03
Annual Debt Service$449,400.36
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