John D. Bols Acquires North Palm Beach Multifamily For $3.25M
131 Shore Court
$3,250,000
$298/SF
Building Size
10,890 SF
Asset Type
MultiFamily
Closing
Nov 30, 2023
AI
The multifamily property located at 131 Shore Court in North Palm Beach has been sold in a transaction that closed on November 30, 2023. The property consists of 15 units, with a total square footage of 10,890. The sale price for the property was $3,250,000, resulting in a price per unit of $216,667 and a price per square foot of $298.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Units: 15
- Price per Unit: $216,667
- Square Footage: 10,890
- Price per Square Foot: $298
- Address: 131 Shore Court, North Palm Beach
The buyer of the property is John D. Bols, while the seller is Charles L. Ill. Representing the buyer in the transaction was Nelson Ilceus from Colliers International.
North Palm Beach 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93