Updated Sep 9, 2024
SVN/Commercial Partners' Multifamily Team Acquires Lake Worth Beach Multifamily For $1.46M
521 Federal Highway, Lake Worth, Florida 33460, United States
$1,460,000
$282/SF
Building Size
5,170 SF
Asset Type
MultiFamily
Closing
Mar 2, 2022
About this deal
AI
The multifamily property at 515-521 S Federal Highway in Lake Worth Beach has been sold for a price of $1,460,000. The property consists of 8 units, with a price per unit of $182,500. The total square footage is 5,170, resulting in a price per square foot of $282.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,460,000
- Units: 8
- Price per Unit: $182,500
- Square Footage: 5,170
- Price per Square Foot: $282
- Address: 515-521 S Federal Highway
- Market: Lake Worth Beach
The sale was facilitated by Steven Paulsen, John Andrews & Mason Highman of the Multifamily Team at SVN/Commercial Partners (SVNCP).
Players
Lake Worth Beach 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
10.87%
Cash-on-Cash
-3.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93