John D. Bols Acquires Multifamily Property For $3.275M In Jupiter
SOLD
$3,275,000
Florida
See Similar DealsMultiFamily11,248 SF
Sold 12/01/2023
SOLD
John D. Bols Acquires Multifamily Property For $3.275M In Jupiter
17345 Bush Road
See Similar DealsMultiFamily11,248 SF
Sold 12/01/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$291
Total Square Footage:11,248 SF
Transaction Type:Sale
The multifamily property located at 17345 Bush Road in Jupiter was recently sold in a closed transaction. The property consists of 12 units, with a total square footage of 11,248. The sale price for the property was $3,275,000, resulting in a per unit price of approximately $272,917. The price per square foot for the property was approximately $291.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $3,275,000
- Number of Units: 12
- Price per Unit: $272,917
- Total Square Footage: 11,248
- Price per Square Foot: $291
The buyer of the property was John D. Bols, while the seller was Lucille F. Gaines. The transaction was facilitated by Nelson Ilceus of Colliers International, who represented both parties in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$174,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,635.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,525.17
Annual Debt Service$186,302.05
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