Osmar Olivo Acquires Condo In Miami For $1,015,000
SOLD
$1,015,000
Florida
See Similar DealsCondo1,351 SF
Sold 01/15/2024
SOLD
Osmar Olivo Acquires Condo In Miami For $1,015,000
1600 Southwest 1st Avenue
See Similar DealsCondo1,351 SF
Sold 01/15/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$751
Total Square Footage:1,351 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,606.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,811.62
Annual Debt Service$57,739.41
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