Jacqueline B Spitz & Joel Lawrence Spitz Acquire Other Vacant Property In Boca Raton, FL For $2.1M
SOLD
$2,105,639
Florida
See Similar DealsOther
Sold 06/29/2022
SOLD
Jacqueline B Spitz & Joel Lawrence Spitz Acquire Other Vacant Property In Boca Raton, FL For $2.1M
9948 Espresso Manor, Boca Raton, Florida 33446, United States
See Similar DealsOther
Sold 06/29/2022
Summary
FLORIDA
Asset Type:Other
Transaction Type:Sale
An Other Vacant property located at 9948 Espresso Mnr in Boca Raton, FL has recently been sold. The transaction took place on June 29, 2022, and the buyer of the property is Jacqueline B Spitz & Joel Lawrence Spitz. The seller of the property is Richard M. Norwalk. The sale price for the property was $2,105,639.
Summary of transaction details
- Property Type: Other Vacant
- Transaction Amount: $2,105,639
- Address: 9948 Espresso Mnr, Boca Raton, FL
- Buyer: Jacqueline B Spitz & Joel Lawrence Spitz
- Seller: Richard M. Norwalk
This transaction showcases the collaborative effort between Jacqueline B Spitz & Joel Lawrence Spitz as the buyer and Richard M. Norwalk as the seller. It highlights their engagement in the real estate market and their decision to complete the transaction for the Other Vacant property at 9948 Espresso Mnr.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,300.73
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,480.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,981.80
Annual Debt Service$119,781.64
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