Enrique Manhard Acquires Multifamily Property In Miami, FL For $6.25M
SOLD
$6,250,000
Florida
See Similar DealsMultiFamily6,508 SF
Sold 06/30/2022
SOLD
Enrique Manhard Acquires Multifamily Property In Miami, FL For $6.25M
1029 Southwest 1st Avenue, Miami, Florida 33130, United States
See Similar DealsMultiFamily6,508 SF
Sold 06/30/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$960
Total Square Footage:6,508 SF
Transaction Type:Sale
The multifamily property located at 1029 SW 1st Ave in Miami, FL has been sold for a price of $6,250,000. The property spans a total of 6,508 square feet, resulting in a price per square foot of $960.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,250,000
- Address: 1029 SW 1st Ave, Miami, FL
- Market: Miami, FL
- Buyer: Enrique Manhard
- Seller: Elsa M. Urquisa
- Square Footage: 6,508
- Price per Square Foot: $960
Enrique Manhard served as the buyer in this transaction, while Elsa M. Urquisa acted as the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26
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