LIV Development Acquires 31.75-Acre Multifamily Property In Spring Hill For $4.35M
SOLD
$4,350,000
Florida
See Similar DealsMultiFamily
Sold 11/21/2022
SOLD
LIV Development Acquires 31.75-Acre Multifamily Property In Spring Hill For $4.35M
2950 Landover Boulevard, Spring Hill, Florida 34608, United States
See Similar DealsMultiFamily
Sold 11/21/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$232,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63
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