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3546 147th Street

Ridwan Lawal Acquires Multifamily Property From Michael Harwood In Midlothian For $599,000
SOLDMultiFamily

Ridwan Lawal Acquires Multifamily Property From Michael Harwood In Midlothian For $599,000

3546 147th Street

$599,000

$85/SF

Building Size

7,000 SF

Asset Type

MultiFamily

Closing

Oct 30, 2025

AI

The property asset involved in this transaction is a multifamily unit located at 3546 147th Street in Midlothian. The sale price for this asset was $599,000, comprising 8 units within a total square footage of 7,000. The price per unit is approximately $74,875, and the price per square foot stands at $85.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $599,000
  • Units: 8
  • Square Footage: 7,000
  • Price Per Unit: $74,875
  • Price Per Square Foot: $85
  • Buyer: Ridwan Lawal
  • Seller: Michael Harwood
  • Broker: Jesus Garcia - Essex Realty Group
  • Date of Transaction: 10/31/2025

This transaction featured Ridwan Lawal as the buyer acquiring the property from seller Michael Harwood. The deal was facilitated by broker Jesus Garcia, representing Essex Realty Group. The transaction took place on October 31, 2025, marking a successful transfer of ownership.

Players

Jesus Garcia

Essex Realty Group

Broker

$1.8M

vol

2 deals

Broker
Essex Realty Group
Essex Realty GroupBrokerage

Midlothian MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

26.48%

Cash-on-Cash

-7.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93