Raul Freijo Acquires Multifamily Property On Seminole Avenue West For $2.1M With Broker Reps From Matthews Real Estate Investment Services
SOLD
$2,100,000
Florida
See Similar DealsMultiFamily13,050 SF
Sold 12/04/2023
SOLD
Raul Freijo Acquires Multifamily Property On Seminole Avenue West For $2.1M With Broker Reps From Matthews Real Estate Investment Services
204 Seminole Avenue West
See Similar DealsMultiFamily13,050 SF
Sold 12/04/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$160
Total Square Footage:13,050 SF
Transaction Type:Sale
The multifamily property located at 204 Seminole Avenue West in Melbourne has been sold in a recent transaction. The property consists of 15 units, with a total square footage of 13,050. The sale price for this transaction was $2,100,000, resulting in a price per unit of $140,000 and a price per square foot of $161.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Units: 15
- Price per Unit: $140,000
- Square Footage: 13,050
- Price per Square Foot: $161
Raul Freijo has acquired the property as the buyer. The seller in this transaction is Jody Starnes. The deal was facilitated by Christian Ursillo, Austin Graham, and Connor Kerns from Matthews Real Estate Investment Services, who represented both the buyer and seller as brokers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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