Miami MultiFamily Property Sold For $2.1M With Eduardo Morales - London Foster Realty
1453 Northwest 13th Terrace, Miami, Florida 33125, United States
$2,100,000
$480/SF
Building Size
4,368 SF
Asset Type
MultiFamily
Closing
Jun 6, 2022
AI
A multi-family property located at 1453 NW 13th Terrace in Miami has been sold for $2,100,000. The property consists of 6 units with a total square footage of 8,640. The price per unit is $350,000, and the price per square foot is $243. The transaction took place on 06/07/2022.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $2,100,000
- Address: 1453 NW 13th Terrace, Miami
- Market: Miami
- Units: 6
- Price Per Unit: $350,000
- Square Footage: 8,640
- Price Per Square Foot: $243
The sale of the property was facilitated by Eduardo Morales from London Foster Realty. Frank J. Estevez, Esq from The Estevez Law Firm, P.A. acted as the attorney in the transaction.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93