Updated Oct 28, 2024
Curt R Clemens Acquires Homestead Multifamily For $3.6M
18850 Southwest 248th Street, Homestead, Florida 33031, United States
$3,600,000
$497/SF
Building Size
7,235 SF
Asset Type
MultiFamily
Closing
Jan 2, 2022
About this deal
AI
The multifamily property located at 18850 Sw 248th St in Homestead has been sold in a recent transaction. The property spans a total of 7,235 square feet, with a price per square foot of $497. The buyer of the property is Curt R Clemens, while the seller is Smart Family Limited Partnership. The transaction closed on 01/03/2022, with the sale price amounting to $3,600,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Address: 18850 Sw 248th St
- Market: Homestead
- Buyer: Curt R Clemens
- Seller: Smart Family Limited Partnership
- Square Footage: 7,235
- Price per Square Foot: $497
Curt R Clemens represented the buyer in this transaction.
Players
Homestead 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93