facebook
Traded Co logo
Submit

Maor Iluz Acquires Multifamily Property In Kissimmee From Levitz Family For $3.5M

Property Image
SOLD
$3,500,000
Ben Skinner

Florida

See Similar Deals
MultiFamily95,744 SF
Sold 01/08/2024
the dealplayerscompscontact
Property Image
SOLD

Maor Iluz Acquires Multifamily Property In Kissimmee From Levitz Family For $3.5M

202 Watts Lane, 203 Watts Lane, 204 Watts Ln & 163 Bowie Lane

See Similar Deals
MultiFamily95,744 SF
Sold 01/08/2024
Ben Skinner
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$36
Total Square Footage:95,744 SF
Transaction Type:Sale

The multifamily property located at 202, 203, 204 & 206 Watts Ln & 163 Bowie Ln in Kissimmee has been sold in a recent transaction. The property consists of 22 units with a total square footage of 23,936. The sale price for this transaction was $3,500,000, resulting in a price per unit of $159,091 and a price per square foot of $146.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Units: 22
  • Price per Unit: $159,091
  • Total Square Footage: 23,936
  • Price per Square Foot: $146
  • Market: Kissimmee

The buyer in this transaction was Maor Iluz, while the seller was the Levitz Family. The deal was facilitated by Matthew Prozzillo from Marcus & Millichap and Benjamin Skinner, who represented Maor Iluz.

Players

Matthew (Matt) Prozzillo
14 deals$71.9M volume
BROKER

Ben Skinner
Marcus & Millichap
13 deals$71.9M volume(407) 557-3889
BROKER

Details

SOLD
IMAGE: Benjamin Skinner, Maor Iluz & Matthew Prozzillo DATE: 01/08/2024 ADDRESS: 202, 203, 204 & 206 Watts Ln & 163 Bowie Ln MARKET: Kissimmee ASSET TYPE: Multifamily BUYER: Maor Iluz (@Ilmaor) SELLER: Levitz Family BROKERS: Matthew Prozzillo @MattProzzillo & Benjamin Skinner - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $3,500,000 UNITS: 22 ~ PPU: $159,091 SF: 23,936 ~ PPSF: $146

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$186,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43