Updated Dec 21, 2023
Joseph Benjamin Acquires Multifamily Property In Little Havana For $3.14M
1629 Southwest 4th Street, Miami, Florida 33135, United States
$3,142,500
$198/SF
Building Size
15,872 SF
Asset Type
MultiFamily
Closing
Mar 21, 2022
About this deal
AI
Located in the vibrant neighborhood of Little Havana, this multifamily property at 1629 SW 4th St has recently changed hands in a closed transaction. The property consists of 20 units, offering a total of 15,872 square feet of living space. The sale, facilitated by broker Javier A. Ubeda PA of Porosoff Group, saw a sale price of $3,142,500. This translates to an average price per unit (PPU) of $157,125 and a price per square foot (PPSF) of $198. The buyer, Joseph Benjamin, acquired this valuable asset from seller Nelsa Devivar.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $3,142,500
- Units: 20
- Average PPU: $157,125
- Total Square Feet: 15,872
- Price per Square Foot (PPSF): $198
- Market: Little Havana
- Buyer: Joseph Benjamin
- Seller: Nelsa Devivar
- Broker: Javier A. Ubeda PA - Porosoff Group
The sale of this multifamily property in Little Havana represents a lucrative opportunity for Joseph Benjamin as he expands his real estate portfolio. For further information and inquiries about similar multifamily properties, interested parties can reach out to broker Javier A. Ubeda at 305-766-1864. Seize the chance to become a multifamily millionaire and contact Javier today!
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
5.05%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93