Updated Oct 29, 2024
American Heritage School Of Plantation Inc Acquires MultiFamily Property In Coral Springs For $1.3M
8550 NW 40th St Coral Springs, FL 33065, USA
$1,300,000
$285/SF
Building Size
4,547 SF
Asset Type
MultiFamily
Closing
Jul 13, 2023
About this deal
AI
The property involved in this transaction is a MultiFamily asset located at 8550 Northwest 40th Street in Coral Springs. It consists of 4 units with a total square footage of 4,547. The sale price for this property was $1,300,000, resulting in a price per unit of $325,000 and a price per square foot of $286.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,300,000
- Units: 4
- Price per Unit: $325,000
- Square Footage: 4,547
- Price per Square Foot: $286
- Address: 8550 Northwest 40th Street, Coral Springs
The buyer in this transaction is American Heritage School of Plantation Inc. The buyer was represented by Brian Kruszewski from LoKation® Real Estate, while the seller was represented by Tamika Moses from Robin Bird Realty.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Tamika Moses to view all their deals.
Browse Miami multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93