John D. Bols Acquires 6-Unit Multifamily In Lake Worth Beach For $1.15M
SOLD
$1,150,000
Florida
See Similar DealsMultiFamily5,600 SF
Sold 03/13/2023
SOLD
John D. Bols Acquires 6-Unit Multifamily In Lake Worth Beach For $1.15M
1506 Federal Highway
See Similar DealsMultiFamily5,600 SF
Sold 03/13/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$205
Total Square Footage:5,600 SF
Transaction Type:Sale
The multifamily property located at 1506 Federal Highway in Lake Worth Beach has been sold in a recent transaction. The property consists of 6 units with a total of 5,600 square feet. The sale price for the property was $1,150,000, resulting in a price per unit of $191,667 and a price per square foot of $205.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Units: 6
- Price per Unit: $191,667
- Square Footage: 5,600
- Price per Square Foot: $205
John D. Bols has acquired the property from Tommi Kuutti. The transaction was facilitated by Nelson Ilceus of Colliers.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
Is there something missing? Send suggestions