SOLDCondo
Osmar Olivo Acquires Condo In Miami For $1,015,000
1600 Southwest 1st Avenue
$1,015,000
$751/SF
Building Size
1,351 SF
Asset Type
Condo
Closing
Jan 15, 2024
AI
The condo located at 1600 Southwest 1st Avenue in Miami was sold for $1,015,000. Spanning 1,351 square feet, the property was transacted at a price per square foot of $751.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $1,015,000
- Buyer: Osmar Olivo
- Brokers: Ruben Chamorro & Amanda Salvato - Douglas Elliman
The sale was facilitated by Ruben Chamorro and Amanda Salvato from Douglas Elliman, representing the buyer Osmar Olivo in the real estate transaction.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.63%
Cash-on-Cash
-4.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93