Douglas S. Millard Acquires Multifamily Property In Fort Lauderdale For $2.1M
4561 Poinciana Street, Fort Lauderdale, Florida 33308, United States
$2,131,000
$1,087/SF
Building Size
1,960 SF
Asset Type
MultiFamily
Closing
Jun 16, 2022
AI
The multifamily property located at 4561 Poinciana St, Fort Lauderdale, FL has been sold in a recent transaction. The property spans 1,960 square feet and was sold for a price of $2,131,000, resulting in a price per square foot of $1,087.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,131,000
- Address: 4561 Poinciana St, Fort Lauderdale, FL
- Square Footage: 1,960
- Price per Square Foot: $1,087
The buyer in this transaction is Douglas S. Millard, while the seller is Michael A. George.
Players
Lauderdale By The Sea 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
7.44%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93