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3030 Northwest 7th Avenue, ...

WOW 32 Acquires Mixed-Use Property In Miami For $1.25M
SOLDMixed-use

WOW 32 Acquires Mixed-Use Property In Miami For $1.25M

3030 Northwest 7th Avenue, Miami, FL, USA

$1,250,000

$833/SF

Building Size

1,500 SF

Asset Type

Mixed-use

Closing

Apr 28, 2021

AI

Located at 3030 NW 7th Ave in Miami, this mixed-use property was recently sold in a closed transaction. The deal was facilitated by Agustin Duarte of REMAX 360 who represented the buyer, WOW 32 - Fausto Callava, and the seller, Milenium Girls.

Summary of Transaction Details:

  • Property Type: Mixed-use
  • Address: 3030 NW 7th Ave, Miami
  • Market: Miami
  • Asking Price: $1,300,000
  • Sale Price: $1,250,000

The transaction took place on 04/29/2021, with the property being sold for $1,250,000. Agustin Duarte of REMAX 360 represented WOW 32 - Fausto Callava as the buyer and Milenium Girls as the seller. This successful deal demonstrates the expertise of Agustin Duarte and highlights the satisfaction of both parties involved.

Players

Agustin Duarte

Re/Max

Broker

$89.7M

vol

25 deals

Broker

Fausto Callava

Buyer

$6M

vol

3 deals

Buyer

Miami Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93