Santiago Nieto Acquires Multifamily Property From Emilio Li For $1.05M In Miami
SOLD
$1,050,000
Florida
See Similar DealsMultiFamily2,058 SF
Sold 03/14/2025
SOLD
Santiago Nieto Acquires Multifamily Property From Emilio Li For $1.05M In Miami
1225 Southwest 11th Avenue
See Similar DealsMultiFamily2,058 SF
Sold 03/14/2025
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$510
Total Square Footage:2,058 SF
Transaction Type:Sale
The property involved in this transaction is a MultiFamily asset located at 1225 Southwest 11th Avenue in the Miami market. The sale price for this property was $1,050,000.00, and it consists of 2 units with a total square footage of 2,058.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,050,000.00
- Address: 1225 Southwest 11th Avenue
- Market: Miami
- Units: 2
- Square Footage: 2,058.0
- Seller: Emilio Li
- Buyer: Santiago Nieto
- Seller's Representatives: Ashley Alvarez (Sterling One Realty), William Alvarez (Sterling One Realty)
This transaction was facilitated by the buyer Santiago Nieto acquiring the property from seller Emilio Li. The deal involved representation by Ashley Alvarez and William Alvarez from Sterling One Realty acting on behalf of the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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