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Philips International Acquires Alafia Riverfront Manufactured Housing Community In Riverview For $7.4M
SOLD
$7,400,000
Florida
See Similar DealsOther
Sold 07/05/2023
SOLD
Philips International Acquires Alafia Riverfront Manufactured Housing Community In Riverview For $7.4M
8763 Barcin Cir Riverview, FL 33578, USA
See Similar DealsOther
Sold 07/05/2023
Summary
FLORIDA
Asset Type:Other
Transaction Type:Sale
Philips International has purchased the Alafia Riverfront manufactured housing community in Riverview, Florida, for $7.4 million. The property consists of 96 homesites and was sold by a private individual, with the deal facilitated by HARRI5.
Summary of transation details
- Property Type: Residential
- Transaction Amount: $7,400,000
- Date: 07/05/2023
- Address: 8763 Barcin Circle, Riverview, Florida
- Market: Riverview
The buyer, Philips International, was represented by Roy Jakobs. The deal was facilitated by HARRI5. The lender for this transaction was Berkadia Commercial Mortgage.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$394,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,290.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,079.78
Annual Debt Service$420,957.30
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