Updated Dec 21, 2023
Chad Davis Acquires Multifamily Property In Cape Coral For $1.7M
4826 SW 29th Ave 1, Cape Coral, Florida 33914, United States
$1,700,000
$317/SF
Building Size
5,347 SF
Asset Type
MultiFamily
Closing
Jun 6, 2022
About this deal
AI
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
Cape Coral 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93