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Jeremy Earle Acquires Multifamily Building From Moshe Biton In Hallandale For $1.95M

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SOLD
$1,950,000

Florida

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MultiFamily15,000 SF
Sold 02/22/2024
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Property Image
SOLD

Jeremy Earle Acquires Multifamily Building From Moshe Biton In Hallandale For $1.95M

627 Southwest 6th Terrace, 631 Southwest 6th Terrace & 631 Southwest 6th Terrace

See Similar Deals
MultiFamily15,000 SF
Sold 02/22/2024
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$130
Total Square Footage:15,000 SF
Transaction Type:Sale

The multi-family building located at 627, 631 & 631 Southwest 6th Terrace in Hallandale has been successfully sold for $1,950,000. This property consists of 6 units with a total square footage of 5,000, equating to a price per unit of $325,000 and a price per square foot of $390. The sale was finalized on 02/22/2024, with Jeremy Earle as the buyer and Moshe Biton as the seller and broker representing the deal through Capital Group Realty.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,950,000
  • Units: 6
  • Price per Unit: $325,000
  • Total Square Footage: 5,000
  • Price per Square Foot: $390
  • Address: 627, 631 & 631 Southwest 6th Terrace
  • Market: Hallandale
  • Buyer: Jeremy Earle
  • Seller: Moshe Biton
  • Broker: Moshe Biton - Capital Group Realty

The successful deal was facilitated by Moshe Biton, who not only represented the seller but also played the pivotal role of the broker in this transaction. With a smooth and swift cash deal, the property's unbeatable location and versatile potential were key factors that attracted the attention of the buyer, Jeremy Earle. As the property is now off the market, Moshe Biton is excited to explore more investment opportunities and is readily available to assist those interested in further real estate ventures.

Players

Moshe Biton
16 deals$155.1M volume(954) 228-4928
BROKER

Details

SOLD
IMAGE: Moshe Biton DATE: 02/22/2024 ADDRESS: 627, 631 & 631 Southwest 6th Terrace MARKET: Hallandale ASSET TYPE: Multifamily BUYER: Jeremy Earle SELLER: Moshe Biton BROKER: Moshe Biton (@Miamimoe) - Capital Group Realty SALE PRICE: $1,950,000 UNITS: 6 ~ PPU: $325,000 SF: 5,000 ~ PPSF: $390 NOTE FROM BROKER: Exciting news! Another successful deal in the books – this time, a stunning multi-family building in a prime location! 🌟💼 The property's unbeatable location combined with its versatile potential made it a hot commodity in today's market. With a smooth and swift cash deal, we're thrilled to announce that this gem is officially off the market. But fear not! If you're on the hunt for similar investment opportunities or looking to explore more options, I've got you covered! 📲💰 Don't hesitate to reach out to me for more exciting opportunities awaiting you in the world of real estate. Let's turn your dreams into reality together! Ready to take your career to the next level? Give us a call today and let's start the conversation! 📞 We can't wait to welcome you to our family and help you achieve your professional goals. 🚀

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

$103,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,927.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,243.99
Annual Debt Service$110,927.94