Forestwood Investments Acquires Multifamily Asset In Sanford Florida For $10.35M With Multihousing.Com As Seller
SOLD
$10,350,000
+ 1
Florida
See Similar DealsMultiFamily78,676 SF
Sold 03/23/2026
SOLD
Forestwood Investments Acquires Multifamily Asset In Sanford Florida For $10.35M With Multihousing.Com As Seller
711 East 1st Street
See Similar DealsMultiFamily78,676 SF
Sold 03/23/2026
+ 1
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$131
Total Square Footage:78,676 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 711 East 1st Street in Sanford, FL. The sale was completed at a price of $10,350,000. This asset consists of 76 units with a price per unit of $136,184. The total square footage of the property is 78,676, providing a price per square foot of $131.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $10,350,000
- Units: 76
- Price Per Unit: $136,184
- Square Footage: 78,676
- Price Per Square Foot: $131
- Buyer: Forestwood Investments/Ralph Gelley
- Seller: Multihousing.Com
- Brokers: Jonathan Brody, Josh Dachs & Michael Schattner - Base Realty Group
The deal highlights the involvement of key individuals, with Ralph Gelley representing the buyer, Forestwood Investments. The seller, Multihousing.Com, is noted as a significant entity in the transaction, while the brokerage team of Jonathan Brody, Josh Dachs, and Michael Schattner from Base Realty Group facilitated the exchange.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$552,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,771.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,064.28
Annual Debt Service$588,771.36
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