Updated Dec 4, 2024
Jennifer & Roby L. Roberts Purchase 23.57-Acre Reddick Property For $4.115M
12385 Northwest 75th Avenue
$4,115,000
$754/SF
Building Size
5,457 SF
Asset Type
Single Family
Closing
Feb 12, 2024
About this deal
AI
A 23.57-acre property located at 12385 Northwest 75th Avenue in Reddick was recently sold for $4,115,000. The estate, spanning 5,457 square feet, was constructed in 1998 by the Roberts Development Corporation. This versatile equine training facility includes various buildings and was previously owned by the founders of the World Equestrian Center.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $4,115,000
- Market: Reddick
- Address: 12385 Northwest 75th Avenue
- SF: 5,457
- ACRES: 23.57
The property was acquired by Jennifer & Roby L. Roberts. The sale was facilitated by Katherine Moon from Royal Shell Real Estate and Travis Laas from Engel & Völkers. The estate, developed over two decades ago, stands as a testament to the quality of construction by the Roberts Development Corporation.
On the Map
$4,115,000
$754/SF
Single Family
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93