Miami Mortgage News

90- Venetian Isles Apartment

November 1st, 2016 5:23 PM by Nour Ailan

Venetian Isles Apartment

OFFERING Summary

Building Size (SF) : 70,323

Number of Units: 63

Year Built: 1970

Occupancy: 97.00 %

Land Area (Acres): 0.62

Year Renovated: 2013

Ownership: LLC

 

FINANCIAL SUMMARY

Offering Price: $8,200,000

Price PSF: $117

NOI (In-Place): $602,913

CAP Rate(In-Place): 7.35 %

GRM: 10.23

Cap Rate Year(3): 0.00 %

 

ASSUMABLE FINANCING

Down Payment : $3,460,400

Loan Amount: $4,739,600

Interest Rate: 3.75 %

Notes: CMBS Loan

 

Contact Emile “Ur-cousin” Farah

phone: (305) 754-1000

Email: farah@theworldforsale.net

For More information FOLLOW this steps : Investor-Commercial Users

Our  websites :

http://www.istithmarusa.com

http://www.propiedadparalaventa.com

http://www.jetsandyachtsforsale.com

http://www.usalendingandrealty.com

http://www.farahreacquisitions.com

http://miamibusinessforsale.net

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Posted by Nour Ailan on November 1st, 2016 5:23 PM

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