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Daven Real Estate Acquires Single Family Property In Winter Park For $6.85M

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SOLD
$6,850,000

Florida

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Single Family19,619 SF
Sold 10/13/2023
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Property Image
SOLD

Daven Real Estate Acquires Single Family Property In Winter Park For $6.85M

1190 North Park Avenue

See Similar Deals
Single Family19,619 SF
Sold 10/13/2023
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$349
Total Square Footage:19,619 SF
Transaction Type:Sale

A single-family property located at 1190 North Park Avenue in Winter Park was recently sold for $6,850,000. The property sits on a spacious 1.94-acre lot, offering ample space for homeowners to enjoy. With a total area of 19,619 square feet, this property provides generous living space for its occupants at a price of $349 per square foot.

Summary of Transaction Details

In this transaction, Michael Rasmussen from Daven Real Estate acted as the buyer's representative, ensuring a smooth and successful purchase for their client. On the selling side, Brian Mitnik served as the seller's representative, effectively marketing the property and negotiating the deal to reach a favorable outcome for the seller.

Players

Brian Mitnik
2 deals$16.6M volume(407) 421-2832
BROKER

Michael Rasmussen
Daven Real Estate
1 deal$6.9M volume(689) 300-4645
BROKER

Details

SOLD
IMAGE: Michael Rasmussen & Brian Mitnik DATE: 10/13/2023 ADDRESS: 1190 North Park Avenue MARKET: Winter Park ASSET TYPE: Single Family ~ ACRES: 1.94 BUYER'S REP: Michael Rasmussen - Daven Real Estate SELLER'S REP: Brian Mitnik (@BrianMitnik) - Remax (@Remax) SALE PRICE: $6,850,000 SF: 19,619 ~ PPSF: $349

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

$365,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,336.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,472.49
Annual Debt Service$389,669.94