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3411 NW Flagler Terrace

Anthony & Lindi Harris Acquire 4-Unit Multifamily In Miami For $1.35M
SOLD

Anthony & Lindi Harris Acquire 4-Unit Multifamily In Miami For $1.35M

3411 NW Flagler Terrace

Building Size

Asset Type

Closing

Sep 15, 2022

AI

A multifamily property located at 3411 NW Flagler Terrace in Miami has been sold in a recent transaction. The property consists of 4 units with a total square footage of 4,860. The sale price for the property was $1,350,000, resulting in a price per unit of $337,500, and a price per square foot of $278.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,350,000
  • Units: 4
  • Price per Unit: $337,500
  • Square Footage: 4,860
  • Price per Square Foot: $278

The buyer in this transaction is Anthony & Lindi Harris, while Carlos Escotet served as the seller. The brokers involved in the deal were Pablo Gomez, CDRE, and Paola Mejia from Lifestyle International Realty, as well as Brett Eaglstein from Carroll Group - Compass.

Please note that no additional information was provided regarding the market or any additional details about the individuals involved in the transaction.

Players

Anthony Harris

Buyer

$1.4M

vol

2 deals

Buyer

Carlos Escotet

Seller

$1.4M

vol

2 deals

Seller

Miami CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93