Chad Davis Acquires Multifamily Property In Cape Coral For $1.7M
SOLD
$1,700,000
Florida
See Similar DealsMultiFamily5,347 SF
Sold 06/07/2022
SOLD
Chad Davis Acquires Multifamily Property In Cape Coral For $1.7M
4826 SW 29th Ave 1, Cape Coral, Florida 33914, United States
See Similar DealsMultiFamily5,347 SF
Sold 06/07/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$317
Total Square Footage:5,347 SF
Transaction Type:Sale
A multifamily property located at 4826 SW 29th Ave 1 4 in Cape Coral has been sold for a price of $1,700,000. The transaction took place on 06/07/2022. The property consists of 4 units with a total square footage of 5,347. The price per unit equates to $425,000, while the price per square foot is $318.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Address: 4826 SW 29th Ave 1 4, Cape Coral
- Market: Cape Coral
The buyer of the property is Chad Davis, while the seller is Gino Giannettino. The deal was represented by brokers Brad Cozza and Anthony Tiljak from Cozza Realty.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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