Updated Dec 4, 2024
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
About this deal
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
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