Updated Sep 9, 2024
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
About this deal
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