SOLDMultiFamily
Surf City Multifamily Property Sold For $1.65M With Broker Scott Wayman
44 North 12th Street
$1,650,000
$881/SF
Building Size
1,872 SF
Asset Type
MultiFamily
Closing
Oct 26, 2023
AI
A multifamily property in Surf City located at 44 North 12th Street has been sold for a total of $1.65 million. The property spans 1,872 square feet, resulting in a price per square foot of $881.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Square Footage: 1,872 SF
- Price Per Square Foot: $881
- Address: 44 North 12th Street
- Market: Surf City
The sale was facilitated by Scott Wayman, a broker representing Diane Turton, Realtors.
Surf City 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93