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1453 Northwest 13th Terrace...

Miami MultiFamily Property Sold For $2.1M With Eduardo Morales - London Foster Realty
SOLDMultiFamily

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

Eduardo Jose Morales

Broker 305

Broker

$2.5M

vol

2 deals

Broker
London Foster Realty
London Foster RealtyBrokerage

Eddie Enis

Seller

$54.8M

vol

9 deals

Seller

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