Orengo Investments LLC Acquires Multifamily Property In Opa-locka For $3.5M
SOLD
$3,500,000
Florida
See Similar DealsMultiFamily
Sold 11/03/2022
SOLD
Orengo Investments LLC Acquires Multifamily Property In Opa-locka For $3.5M
13240 Port Said Road, Opa Locka, Florida 33054, United States
See Similar DealsMultiFamily
Sold 11/03/2022
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
An multifamily property located at 13240 Port Said Road in Opa-locka has been sold for a total of $3,500,000. The property spans across 0.7 acres and consists of 24 square feet of space. The sale price per square foot was $145,833.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 13240 Port Said Road
- Market: Opa-locka
- Acres: 0.7
- Buyer: Orengo Investments LLC - Maykel Sequi
- Seller: Jalal Abuimweis - The King’s Estates
- Seller's Representative: Navid Alikhani - The King’s Estates
The buyer, Orengo Investments LLC, was represented by Maykel Sequi. The seller of the property was Jalal Abuimweis from The King's Estates. Navid Alikhani, also from The King's Estates, acted as the seller's representative in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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