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Maor Iluz Acquires Multifamily Portfolio In Kissimmee For $2.1M

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SOLD
$2,100,000

Florida

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MultiFamily16,880 SF
Sold 12/22/2021
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Property Image
SOLD

Maor Iluz Acquires Multifamily Portfolio In Kissimmee For $2.1M

148 Royal Palm Drive, Kissimmee, Florida 34743, United States

See Similar Deals
MultiFamily16,880 SF
Sold 12/22/2021
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$124
Total Square Footage:16,880 SF
Transaction Type:Sale

A multifamily property located at 148 Royal Palm, 151 Turpin Ln, 141 Jones Ln, and 139 Jones Ln in Kissimmee has been sold for $2,100,000. The sale was completed on December 22, 2021, and the property consists of 16 units, with a price per unit of $131,250. The total square footage of the property is 16,880, resulting in a price per square foot of $124.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Units: 16
  • Price per Unit: $131,250
  • Square Footage: 16,880
  • Price per Square Foot: $124

The buyer of the property is Maor Iluz, while the seller is Michael Harris. The transaction was facilitated by the broker Michael Ault from The Corcoran Connection.

Players

1 deal$2.1M volume
BROKER

Details

SOLD
IMAGE: Maor Iluz DATE: 12/22/2021 ADDRESS: 148 Royal Palm, 151 Turpin Ln, 141 Jones Ln, 139 Jones Ln MARKET: Kissimmee ASSET TYPE: Multifamily BUYER: Maor Iluz (@Ilmaor) SELLER: Michael Harris BROKER: Michael Ault - The Corcoran Connection SALE PRICE: $2,100,000 UNITS: 16 ~ PPU: $131,250 SF: 16,880 ~ PPSF: $124

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

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
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