Tom Glover Acquires Multifamily Property In Hollywood, FL For $4.8M
SOLD
$4,800,000
Florida
See Similar DealsMultiFamily7,125 SF
Sold 05/02/2022
SOLD
Tom Glover Acquires Multifamily Property In Hollywood, FL For $4.8M
2025 Washington Street, Hollywood, Florida 33020, United States
See Similar DealsMultiFamily7,125 SF
Sold 05/02/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$673
Total Square Footage:7,125 SF
Transaction Type:Sale
Located at 2025 Washington St in Hollywood, FL, this multifamily property was sold in a transaction that closed on 05/02/2022. The property comprises a total square footage of 7,125 and was sold for a price of $4,800,000, resulting in a price per square foot of $673.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Address: 2025 Washington St, Hollywood, FL
- Market: Hollywood, FL
The buyer in this transaction was Tom Glover, while the seller was Boris Ovrutsky.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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