Updated Sep 9, 2024
Gabriel Romanoch Acquires 6-Unit Multifamily In Little Havana For $1.35M
1644 Southwest 3rd Street
$1,350,000
$272/SF
Building Size
4,960 SF
Asset Type
MultiFamily
Closing
Oct 5, 2022
About this deal
AI
A multifamily property located at 1644 SW 3rd St in Little Havana has been sold for $1,350,000. The property consists of 6 units with a price per unit of $225,000. The total square footage is 4,960, resulting in a price per square foot of $272.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Units: 6
- Price per Unit: $225,000
- Square Footage: 4,960
- Price per Square Foot: $272
The buyer of the property is Gabriel Romanoch, while the seller is Pelayo Mendez. The brokers involved in the deal are Andros Sarduy, P.A from Synergy Realty Advisors.
On the Map
$1,350,000
$272/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93