Patty Rodriguez Acquires Little Havana Multifamily For $950K
1278 Southwest 2nd Street
$950,000
$351/SF
Building Size
2,705 SF
Asset Type
MultiFamily
Closing
Oct 12, 2022
AI
A multifamily property located at 1278 SW 2nd St in Little Havana has been sold for a total price of $950,000. The property consists of 4 units with an average price per unit of $237,500. The total square footage of the property is 2,705 and the price per square foot is $351.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $950,000
- Units: 4
- Price per Unit: $237,500
- Square Footage: 2,705
- Price per Square Foot: $351
- Address: 1278 SW 2nd St
- Market: Little Havana
Patty Rodriguez has purchased the property from Katina Chatzipanteli. The deal was facilitated by Andros Sarduy, P.A and Giovanni Vasquez P.A of Synergy 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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93