Updated Mar 31, 2025
Michael Rauf Acquires Multifamily Property From Waneta White In Homestead For $2.7M
131 Northwest 8th Street
$2,700,000
$270/SF
Building Size
9,984 SF
Asset Type
MultiFamily
Closing
Mar 19, 2025
About this deal
AI
The property asset involved in the transaction is a MultiFamily type located at 131 Northwest 8th Street in the Homestead market. The sale was concluded at a price of $2,700,000.00, encompassing a total of 13 units, each featuring 2 bedrooms and 1 bathroom. The entire building has a square footage of 9,984.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,700,000.00
- Address: 131 Northwest 8th Street
- Market: Homestead
- Units: 13
- Square Footage: 9984.0
- Buyer: Michael Rauf
- Seller: Waneta White
MSP Group LLC was the brokerage firm that facilitated the sale of the property, which also included 151 NW 8th Street, Homestead, FL 33030. For multifamily property transactions in South Florida, inquiries can be directed to Sam Mekras at 786-417-3709 or via email at [email protected].
On the Map
$2,700,000
$270/SF
MultiFamily
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Players
Homestead 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93