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202 Watts Lane

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

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

$3,500,000

$36/SF

Building Size

95,744 SF

Asset Type

MultiFamily

Closing

Jan 8, 2024

AI

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 Prozzillo

Marcus & Millichap

Broker

$71.9M

vol

14 deals

Broker

Maor Iluz

Buyer

$5.6M

vol

2 deals

Buyer

Kissimmee 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93