Alberto Arceo Acquires Multifamily Property In Hialeah, FL For $3M
135 East 9th Street, Hialeah, Florida 33010, United States
$3,000,000
$240/SF
Building Size
12,492 SF
Asset Type
MultiFamily
Closing
Aug 10, 2022
AI
The multifamily property located at 135 E 9th St in Hialeah, FL was recently sold for $3,000,000. The property spans a total of 12,492 square feet, resulting in a price per square foot of $240.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Address: 135 E 9th St, Hialeah, FL
- Market: Hialeah, FL
The buyer of the property is Alberto Arceo, while the sellers are Eduardo Gonzalez, Jacinto J Restoy, and Ricardo Gonzalez.
Players
Hialeah 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93