Steven Oved Acquires Multifamily Property In Fort Lauderdale For $3.44M
SOLD
$3,440,000
Florida
See Similar DealsMultiFamily7,022 SF
Sold 06/16/2022
SOLD
Steven Oved Acquires Multifamily Property In Fort Lauderdale For $3.44M
247 Southwest 3rd Avenue, Fort Lauderdale, Florida 33312, United States
See Similar DealsMultiFamily7,022 SF
Sold 06/16/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$489
Total Square Footage:7,022 SF
Transaction Type:Sale
The multifamily property located at 247 SW 3rd Ave in Fort Lauderdale, FL has been sold. The transaction took place on June 16, 2022, with a selling price of $3,440,000. The property spans a total of 7,022 square feet, resulting in a price per square foot of $489.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,440,000
- Address: 247 SW 3rd Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Square Footage: 7,022
- Price per Square Foot: $489
The buyer of the property is Steven Oved, while the seller in the transaction is Marc Schwarzberg.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$183,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,221.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,307.36
Annual Debt Service$195,688.26
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