John D Bols Acquires Multifamily Property From Tommi Kuutti In Palm Beach Shores For $1.8M
113 Edwards Lane
$1,800,000
$508/SF
Building Size
3,541 SF
Asset Type
MultiFamily
Closing
Dec 11, 2024
AI
This multifamily property is located at 113 Edwards Lane in the Palm Beach Shores market. The sale price of the asset was $1,800,000, with a total of 7 units. The property spans a square footage of 3,541 and has a price per square foot of $508, resulting in a price per unit of $257,143.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Units: 7
- Square Footage: 3,541
- Price per Square Foot: $508
- Price per Unit: $257,143
- Buyer: John D Bols
- Seller: Tommi Kuutti
- Broker: Nelson Ilceus - Colliers
- Date of Sale: 12/11/2024
John D Bols acted as the buyer in this transaction, while Tommi Kuutti was the seller. The real estate transaction was facilitated by broker Nelson Ilceus from Colliers, representing either the buyer or seller in the deal.
Players
Palm Beach Shores MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93