Updated Sep 9, 2024
Rommey Bahhur Sells Little Havana Multifamily For $2.54M With DWNTWN Realty Advisors
1020 SW 4th St, Miami, FL 33130
$2,540,000
$219/SF
Building Size
11,574 SF
Asset Type
MultiFamily
Closing
Nov 14, 2022
About this deal
AI
The multifamily property located at 1020 SW 4th Street in Little Havana, Miami has been sold in a closed transaction. The property consists of 8 units, with a total square footage of 11,574. The sale price for the property was $2,540,000, resulting in a price per unit of $317,500 and a price per square foot of $219.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,540,000
- Address: 1020 SW 4th Street, Little Havana, Miami
- Market: Little Havana, Miami
- Units: 8
- Price per Unit: $317,500
- Total Square Footage: 11,574
- Price per Square Foot: $219
The seller of the property was Rommey Bahhur. The deal was facilitated by David Richman and Rommey Bahhur, who represented the seller as brokers from DWNTWN Realty Advisors.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.25%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93