Updated Nov 14, 2025
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
About this deal
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.
On the Map
$599,000
$85/SF
MultiFamily
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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