Justin Sult & Andrew Smith Acquire Fort Lauderdale Multifamily For $3.25M
SOLD
Florida
See Similar DealsMultiFamily8,272 SF
Sold 10/21/2022
SOLD
Justin Sult & Andrew Smith Acquire Fort Lauderdale Multifamily For $3.25M
740 Northeast 13th Court, Fort Lauderdale, Florida 33304, United States
See Similar DealsMultiFamily8,272 SF
Sold 10/21/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$392
Total Square Footage:8,272 SF
Transaction Type:Sale
The multifamily property located at 740-748 NE 13th CT in Fort Lauderdale, FL has been sold. The transaction took place on 10/21/2022. The property spans 8,272 square feet and was sold for a price of $3,250,000, resulting in a price per square foot of $392.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Address: 740-748 NE 13th CT, Fort Lauderdale, FL
- Square Footage: 8,272
- Price per Square Foot: $392
The buyers in this transaction were Justin Sult and Andrew Smith. The sellers were Steven R Buehrer and Lynne B Buehrer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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