Jorge Flores Acquires 2,046 SF Condo In Miami For $2.1M
SOLD
$2,100,000
Florida
See Similar DealsCondo2,046 SF
Sold 05/08/2023
SOLD
Jorge Flores Acquires 2,046 SF Condo In Miami For $2.1M
801 S Miami Ave #3405, Miami, FL 33130
See Similar DealsCondo2,046 SF
Sold 05/08/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,026
Total Square Footage:2,046 SF
Transaction Type:Sale
The condo located at 801 South Miami Avenue in Miami has been sold in a recent transaction. The property spans 2,046 square feet and was sold for a price of $2,100,000, resulting in a price per square foot of $1,026. The transaction took place on the 8th of May, 2023.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,100,000
- Address: 801 South Miami Avenue, Miami
- Seller: Diego Valencia
- Buyer: Jorge Flores
- Seller's Representative: Karen Elmir - Sotheby's International Realty
Karen Elmir, from Sotheby's International Realty, represented the seller, Diego Valencia, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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