Updated Dec 4, 2024
2-Acre Land Parcel At 706 West Park Avenue In Oakhurst Sold For $1.1M
706 West Park Avenue
$1,100,000
Building Size
—
Asset Type
Land
Closing
Sep 3, 2024
About this deal
AI
A 2-acre land parcel located at 706 West Park Avenue in Oakhurst has been sold for $1.1 million. The asset features a renovated home/office, a 2-car garage, and a greenhouse, offering a range of permitted uses such as residential, religious, and commercial developments.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,100,000
- Address: 706 West Park Avenue
- Market: Oakhurst
- ACRES: 2
- Brokers: George Coffenberg, Michelle Arege-Coffenberg & Rachel Abitbul - Preferred Properties Real Estate
George Coffenberg, Michelle Arege-Coffenberg, and Rachel Abitbul represented the property under their agency, Preferred Properties Real Estate, showcasing their role in facilitating the successful transaction.
Players
Oakhurst Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93