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Yusuf R. Squires & Johnny Pullman Broker $2.7M Cape Canaveral Multifamily Sale

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SOLD
$2,700,000

Florida

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MultiFamily10,442 SF
Sold 11/04/2022
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Property Image
SOLD

Yusuf R. Squires & Johnny Pullman Broker $2.7M Cape Canaveral Multifamily Sale

276 Polk Avenue, Cape Canaveral, Florida 32920, United States

See Similar Deals
MultiFamily10,442 SF
Sold 11/04/2022
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$258
Total Square Footage:10,442 SF
Transaction Type:Sale

The multifamily property located at 276 Polk Ave in Cape Canaveral, FL has been sold for $2,700,000. The sale, which took place on 11/04/2022, involved a total of 12 units with a price per unit of $225,000. The property spans across 10,442 square feet, resulting in a price per square foot of $259. The seller in this transaction was Yossi Edelkopf from Alya Equities, while the buyer was represented by Yusuf R. Squires from Properties In Town. Johnny Pullman, a multifamily investment advisor, acted as the seller's representative.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,700,000
  • Units: 12
  • Price per Unit: $225,000
  • Square Footage: 10,442
  • Price per Square Foot: $259
  • Market: Cape Canaveral, FL

Yusuf R. Squires from Properties In Town represented the buyer in this transaction, while Johnny Pullman acted as the seller's representative. This successful sale showcases the collaborative efforts of these key individuals and their respective agencies.

Players

Yusuf Squires
4 deals$19.1M volume
BROKER

Johnny Pullman
100Units.com
2 deals$8.2M volume
BROKER

Details

SOLD
IMAGE: Yusuf R. Squires & Johnny Pullman DATE: 11/04/2022 ADDRESS: 276 Polk Ave MARKET: Cape Canaveral, FL ASSET TYPE: Multifamily SELLER: Yossi Edelkopf - Alya Equities BUYER'S REP: Yusuf R. Squires (@YusufSquires) - Properties In Town (@PropertiesinTown) SELLER'S REP: Johnny Pullman (@__Yiannaki__) - Multifamily Investment Advisor SALE PRICE: $2,700,000 UNITS: 12 ~ PPU: $225,000 SF: 10,442 ~ PPSF: $259

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53