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Keith Rowling Sells Gulf Stream Townhouse For $3.8M With The Help Of Cole & Betty Devitt

Property Image
SOLD
$3,800,000
Betty Devitt
Cole Devitt
KR

Texas

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Other40,360 SF
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Property Image
SOLD

Keith Rowling Sells Gulf Stream Townhouse For $3.8M With The Help Of Cole & Betty Devitt

2601 N Ocean Blvd Unit D, Gulf Stream, Fl 33483, Usa

See Similar Deals
Other40,360 SF
Sold
Betty Devitt
Cole Devitt
KR
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Other
Price Per Square Foot:$94
Total Square Footage:40360 SF
Transaction Type:Sale

The townhouse located at 2601 N. Ocean Blvd, Unit D in Gulf Stream has been sold for a price of $3,800,000. The property spans 4,036 square feet, resulting in a price per square foot of $941.53.

Summary of transaction details:

  • Property Type: Townhouse
  • Transaction Amount: $3,800,000
  • Address: 2601 N. Ocean Blvd, Unit D
  • Market: Gulf Stream
  • Price per Square Foot: $941.53

The seller of this townhouse was Keith Rowling, a Wealth Advisor at Merrill Lynch. Representing the buyer and seller in this transaction were Cole and Betty Devitt from The Corcoran Group.

Players

Betty Devitt
The Corcoran Group
Betty Devitt
2 deals$11.8M volume(561) 573-4391
BROKER
Cole Devitt
The Corcoran Group
Cole Devitt
2 deals$11.8M volume(561) 926-0125
BROKER
KR
Keith Rowling
2 deals$11.8M volume
SELLER
KR
Keith Rowling
2 deals$11.8M volume
SELLER

Details

SOLD
IMAGE: Cole Devitt, Keith Rowling, & Betty Devitt⁠ DATE: 09/04/2020⁠ ADDRESS: 2601 N. Ocean Blvd, Unit D⁠ MARKET: Gulf Stream⁠ ASSET TYPE: Townhouse⁠ PRICE: $3,800,000⁠ SF: 4,036 / PPSF: $941.53⁠ SELLER: Keith Rowling – Wealth Advisor Merril Lynch⁠ BROKERS: Cole & Betty Devitt – The Corcoran Group⁠

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$202,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26