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Scott Williams Acquires Multifamily Property In Fort Lauderdale For $4M

Property Image
SOLD
$4,000,000
Demian Pack
Chase Thompson

Florida

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MultiFamily10,713 SF
Sold 01/13/2023
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Property Image
SOLD

Scott Williams Acquires Multifamily Property In Fort Lauderdale For $4M

101-105 Se 26 St

See Similar Deals
MultiFamily10,713 SF
Sold 01/13/2023
Demian Pack
Chase Thompson
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$373
Total Square Footage:10,713 SF
Transaction Type:Sale

The multifamily property located at 101-105 SE 26 St in Fort Lauderdale has been sold for $4,000,000. The property consists of 16 units, with a price per unit of $250,000. The total square footage of the property is 10,713, with a price per square foot of $373.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $4,000,000
  • Units: 16
  • Price per Unit: $250,000
  • Square Footage: 10,713
  • Price per Square Foot: $373

Scott Williams purchased the property from Cassimer Boynton. Demian Pack, representing Dezer Platinum Realty, acted as the buyer's representative, while Chase Thompson, from LoKation® Real Estate, represented the seller.

Players

Demian Pack
Dezer Platinum Realty
Demian Pack
3 deals$10.7M volume(786) 505-8009
BROKER
Chase Thompson
LoKation® Real Estate
Chase Thompson
2 deals$8.9M volume(404) 788-1554
BROKER

Details

SOLD
IMAGE: Demian Pack & Chase Thompson DATE: 01/13/2023 ADDRESS: 101-105 SE 26 St MARKET: Fort Lauderdale ASSET TYPE: Multifamily BUYER: Scott Williams SELLER: Cassimer Boynton BUYER'S REP: Demian Pack (@Packrealestate) - Dezer Platinum Realty (@DezerPlatinumRealty) SELLER'S REP: Chase Thompson (@00chaser) - LoKation® Real Estate (@LokationRE) SALE PRICE: $4,000,000 UNITS: 16 ~ PPU: $250,000 SF: 10,713 ~ PPSF: $373

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

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49