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Ini Realty Investments Acquires SFR In Atlantic Beach For $6.7M

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SOLD
$6,700,000

Florida

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Single Family Residence6,972 SF
Sold 07/16/2020
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SOLD

Ini Realty Investments Acquires SFR In Atlantic Beach For $6.7M

465 Beach Ave, Atlantic Beach, FL 32233, USA

See Similar Deals
Single Family Residence6,972 SF
Sold 07/16/2020
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$961
Total Square Footage:6,972 SF
Transaction Type:Sale

The property at 465 Beach Avenue in Atlantic Beach has been sold for $6,700,000. It is a single-family residence with a size of 6,972 square feet. The price per square foot is $961.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $6,700,000
  • Address: 465 Beach Avenue
  • Market: Atlantic Beach

Justin Lott from Ini Realty Investments, Inc. represented the buyer in this transaction. The seller was represented by John Wolfel from John Wolfel Real Estate LLC.

Players

Justin Lott
2 deals$25.7M volume
BROKER

Details

SOLD
IMAGE: IMAGE: Justin Lott⁠ DATE: 07/17/2020⁠ ADDRESS: 465 Beach Avenue⁠ MARKET: Atlantic Beach⁠ ASSET TYPE: SFR⁠ PRICE: $6,700,000⁠ SF: 6,972⁠ PPSF: $961⁠ BUYER’S REP: Justin Lott – Ini Realty Investments, Inc.⁠ SELLER’S REP: John Wolfel – John Wolfel Real Estate LLC⁠

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02