Andres M. Solis Purchases Condo From Kendrick Osborn With Seller's Rep Tomi Rose For $555,000
SOLD
$555,000
Florida
See Similar DealsCondo1,048 SF
Sold 10/21/2024
SOLD
Andres M. Solis Purchases Condo From Kendrick Osborn With Seller's Rep Tomi Rose For $555,000
350 South Miami Avenue
See Similar DealsCondo1,048 SF
Sold 10/21/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$529
Total Square Footage:1,048 SF
Transaction Type:Sale
The asset involved in this transaction is a condo located at 350 South Miami Avenue Unit in Miami. The sale price of the property was $555,000, with a total of 317 units. The square footage of the condo is 1,048, resulting in a price per square foot of $529. The price per unit is $1,750.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $555,000
- Units: 317
- Square Footage: 1,048
- Price per Square Foot: $529
- Price per Unit: $1,750
- Buyer: Andres M. Solis
- Seller: Kendrick Osborn
- Seller's Representative: Tomi Rose - Aston Rose
The individuals involved in the transaction include the buyer, Andres M. Solis, and the seller, Kendrick Osborn, who was represented by Tomi Rose from Aston Rose during the sale. The transaction was recorded on 10/21/2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$29,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,971.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,630.98
Annual Debt Service$31,571.80
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