LIV Development Acquires 31.75-Acre Multifamily Property In Spring Hill For $4.35M
2950 Landover Boulevard, Spring Hill, Florida 34608, United States
$4,350,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 21, 2022
AI
The multifamily property located at 2950 Landover Boulevard in Spring Hill has been sold for a price of $4,350,000. The property spans across 31.75 acres of land. The sale was completed on November 21, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Address: 2950 Landover Boulevard
- Market: Spring Hill
- Acres: 31.75
The buyer of the property was LIV Development, while the seller was Old Dirt Road Property Group LLC. The seller was represented by Nancy Surak from the Land Advisors Organization.
Players
Spring Hill 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93