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Chilton Investment Company & Caroline Rafferty Interiors Acquire Single Family Home In West Palm Beach For $6.8M

Property Image
SOLD
$6,772,000

Florida

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Single Family Residence6,706 SF
Sold 05/28/2021
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Property Image
SOLD

Chilton Investment Company & Caroline Rafferty Interiors Acquire Single Family Home In West Palm Beach For $6.8M

6709 South Flagler Drive, West Palm Beach, FL, USA

See Similar Deals
Single Family Residence6,706 SF
Sold 05/28/2021
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,009
Total Square Footage:6,706 SF
Transaction Type:Sale

Located at 6709 South Flagler Drive in West Palm Beach, this single-family property was recently sold. The transaction, which took place on May 28, 2021, involved a property with a total area of 6,706 square feet. The sale price for this property was $6,772,000, resulting in a price per square foot of $1,010.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $6,772,000
  • Address: 6709 South Flagler Drive, West Palm Beach
  • Market: West Palm Beach

Nicholas Rafferty from Chilton Investment Company and Caroline Rafferty from Caroline Rafferty Interiors were the buyers in this transaction. The sellers were Monica Oberting and Greg Oberting from Rail Modal Group. The deal was facilitated by Brown Harris Stevens brokers, John H. Stewart and Blair Kirwan.

Players

John J. Stewart
30 deals$212.6M volume
BROKER

Blair Kirwan
Brown Harris Stevens
3 deals$34.4M volume(561) 758-2276
BROKER

Details

SOLD
IMAGE: Greg Oberting, Monica Oberting, Nicholas Rafferty, Blair Kirwan, Caroline Rafferty & John H. Stewart DATE: 05/28/2021 ADDRESS: 6709 South Flagler Drive MARKET: West Palm Beach ASSET TYPE: Single Family BUYER: Nicholas Rafferty - Chilton Investment Company; Caroline Rafferty - Caroline Rafferty Interiors SELLER: Monica Oberting; Greg Oberting - Rail Modal Group BROKERS: John H. Stewart & Blair Kirwan - Brown Harris Stevens SALE PRICE: $6,772,000 SF: 6,706 ~ PPSF: $1,010

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$361,173.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,059.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,102.73
Annual Debt Service$385,232.82