John D. Bols Acquires 6-Unit Multifamily In Lake Worth Beach For $1.15M
1506 Federal Highway
$1,150,000
$205/SF
Building Size
5,600 SF
Asset Type
MultiFamily
Closing
Mar 13, 2023
AI
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.
Market 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93