John D. Bols Acquires Multifamily Property In North Palm Beach For $1.65M
SOLD
$1,650,000
Florida
See Similar DealsMultiFamily4,800 SF
Sold 01/10/2024
SOLD
John D. Bols Acquires Multifamily Property In North Palm Beach For $1.65M
1887 Juno Road
See Similar DealsMultiFamily4,800 SF
Sold 01/10/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$343
Total Square Footage:4,800 SF
Transaction Type:Sale
The multifamily property located at 1887 Juno Road in North Palm Beach has been sold in a closed transaction. The property consists of 6 units with a total square footage of 4,800. The sale price was $1,650,000, resulting in a price per unit of $275,000 and a price per square foot of $344.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,650,000
- Number of Units: 6
- Price Per Unit: $275,000
- Total Square Footage: 4,800
- Price Per Square Foot: $344
- Address: 1887 Juno Road, North Palm Beach
- Market: North Palm Beach
The buyer of the property is John D. Bols, while the seller is Isreal Morag. The deal was facilitated by the brokers Nelson Ilceus from Colliers International and Natalie Jamal from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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