Drax Investments Properties II LLC Acquires 23-Unit Multifamily Property In Lauderhill For $2.35M
2082 Northwest 43rd Terrace
$2,350,000
$170/SF
Building Size
13,800 SF
Asset Type
MultiFamily
Closing
May 1, 2025
AI
Drax Investments Properties II LLC has acquired a 23-unit multifamily property located at 2082 Northwest 43rd Terrace in Lauderhill. The asset spans 13,800 square feet and was sold for $2.35 million, reflecting a price per square foot of $170.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,350,000
- Address: 2082 Northwest 43rd Terrace
- Market: Lauderhill
- Square Footage: 13,800
- Price per Square Foot: $170
- Buyer: Drax Investments Properties II LLC
- Seller: BlueRock Property Group LLC
- Brokers: Austin Michels, Brandon Rex & Evan Kristol - Marcus & Millichap
- New Debt: $1.41 million maturing in 2027
- Community: Hidden Forest, zoned RM-18
The transaction was facilitated by brokers Austin Michels, Evan Kristol, and Brandon Rex of Marcus & Millichap, reflecting their involvement in closing the deal between Drax Investments Properties II LLC and BlueRock Property Group LLC.
Players
Lauderhill MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93