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22 Spec Homes

Marcus Anderson Acquires SFR In Lehigh Acres, Florida For $5.39M
SOLDSingle Family Residence

Marcus Anderson Acquires SFR In Lehigh Acres, Florida For $5.39M

$5,390,000

$193/SF

Building Size

27,874 SF

Asset Type

Single Family Residence

Closing

Sep 1, 2023

AI

A single-family residential property located at 22 Spec Homes in Lehigh Acres, Florida, has been sold. The property covers a total area of 27,874 square feet and was sold for a price of $5,390,000, resulting in a price per square foot of $193.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $5,390,000
  • Address: 22 Spec Homes, Lehigh Acres, Florida
  • Market: Lehigh Acres, Florida

The buyer in this transaction was Marcus Anderson and the seller was Mark Dhont. The sale was facilitated by the broker Brad Cozza and Tyler Kinney, from the Cozza Realty Group. Cozza Realty Group Inc has recently launched an affordable housing series in Southwest Florida and plans to expand to Alabama, Georgia, South Carolina, and Texas. The aim of this initiative is to build affordable single-family homes with prices under $350,000, addressing the affordable housing crisis and the limited construction inventory available. For more details on participating in this opportunity, interested parties can email [email protected].

Players

Brad Cozza

Cozza Investment Group

Broker

$368.2M

vol

14 deals

Broker

Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93