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Osbourne Mowatt Acquires Hollywood Multifamily For $2.5M From Seller Adam Snow - MSP Group

Property Image
SOLD
$2,500,000
Deme Mekras
AS

Florida

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MultiFamily19,972 SF
Sold 12/08/2021
the dealplayerscompscontact
Property Image
SOLD

Osbourne Mowatt Acquires Hollywood Multifamily For $2.5M From Seller Adam Snow - MSP Group

4800 Hollywood Boulevard, Hollywood, Florida 33021, United States

See Similar Deals
MultiFamily19,972 SF
Sold 12/08/2021
Deme Mekras
AS
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$125
Total Square Footage:19,972 SF
Transaction Type:Sale

A multifamily property located at 4800 Hollywood Blvd in Hollywood has been sold for a price of $2,500,000. The property consists of 22 units with an average price per unit of $113,636. The total square footage of the property is 19,972, resulting in a price per square foot of $125.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,500,000
  • Address: 4800 Hollywood Blvd
  • Market: Hollywood

The buyer of the property is Osbourne Mowatt, while the seller is Adam Snow. The transaction was facilitated by Deme Mekras from MSP Group, who represented both parties in the deal.

For more information about MSP Group and their inventory, you can visit their website at www.MSPGroup.com or email Deme Mekras at [email protected].

Players

Deme Mekras
MSP Group
Deme Mekras
32 deals$270.5M volume(786) 208-2684
BROKER
AS
Adam Snow
2 deals$17.5M volume
SELLER

Details

SOLD
IMAGE: Deme Mekras DATE: 12/08/2021 ADDRESS: 4800 Hollywood Blvd MARKET: Hollywood ASSET TYPE: Multifamily BUYER: Osbourne Mowatt SELLER: Adam Snow BROKER: Deme Mekras (@MSPGroup_LLC) - MSP Group SALE PRICE: $2,500,000 UNITS: 22 ~ PPU: $113,636 SF: 19,972 ~ PPSF: $125 NOTE FROM BROKER: For more about MSP Group and our inventory, visit us at www.MSPGroup.com or email me at [email protected]

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

$133,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31