Updated Oct 29, 2024
Rental Asset Management LLC Acquires Multifamily In Davie For $5.95M
4002 Oak Landing Dr, Davie, FL 33314, USA
$5,950,000
Units
26
Asset Type
MultiFamily
Closing
Mar 2, 2020
About this deal
AI
A multifamily property located at 4002-4082 Oak Landing Drive in Davie has been sold for $5,950,000. The property consists of 26 units, with a price per unit of $228,846.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,950,000
- Units: 26
- Price Per Unit: $228,846
Rental Asset Management LLC has acquired the property from Casa Facil International Two LLC, represented by Rafael Fernandez. The deal was facilitated by brokers Joseph P. Thomas, Adam G. Duncan, and Alec Demetriou of Marcus & Millichap.
On the Map
$5,950,000
MultiFamily
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Players
Fort Lauderdale 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
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93