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204 Seminole Avenue West

Raul Freijo Acquires Multifamily Property On Seminole Avenue West For $2.1M With Broker Reps From Matthews Real Estate Investment Services
SOLDMultiFamily

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

$2,100,000

$160/SF

Building Size

13,050 SF

Asset Type

MultiFamily

Closing

Dec 4, 2023

AI

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.

Players

Connor Kerns

Matthews

Broker

$59.6M

vol

5 deals

Broker

Melbourne 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93