Updated Dec 21, 2023
Enrique Manhard Acquires Multifamily Property In Miami, FL For $6.25M
1029 Southwest 1st Avenue, Miami, Florida 33130, United States
$6,250,000
$960/SF
Building Size
6,508 SF
Asset Type
MultiFamily
Closing
Jun 29, 2022
About this deal
AI
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.
On the Map
$6,250,000
$960/SF
MultiFamily
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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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93