Updated Dec 20, 2023
Keith L. Cummings & James W. Stine Acquire Vacant Commercial Property In Miami, FL For $2.67M
15301 Southwest 127th Avenue, Miami, Florida 33177, United States
$2,665,000
Building Size
—
Asset Type
Commercial
Closing
Jan 12, 2022
About this deal
AI
A vacant commercial property located at 15301 Sw 127th Ave in Miami, FL was recently sold in a closed transaction. The buyers, Keith L. Cummings and James W. Stine, purchased the property from the seller, Jaccuelne A. Travisano, for a total price of $2,665,000 on January 13, 2022.
Summary of transaction details
- Property Type: Vacant Commercial
- Transaction Amount: $2,665,000
- Address: 15301 Sw 127th Ave, Miami, FL
- Buyer: Keith L. Cummings & James W. Stine
- Seller: Jaccuelne A. Travisano
- Date: January 13, 2022
This transaction involved a vacant commercial property in Miami, FL. While no additional details about the property were provided, it is clear that the buyers, Keith L. Cummings and James W. Stine, saw value in the property and decided to purchase it from the seller, Jaccuelne A. Travisano, for a significant price of $2,665,000.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.95%
Cash-on-Cash
-1.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93