Micheal Abadi Purchases 10-Unit Multifamily In Wynwood, Miami For $1.28M
SOLD
$1,280,000
Florida
See Similar DealsMultiFamily6,360 SF
Sold 05/16/2022
SOLD
Micheal Abadi Purchases 10-Unit Multifamily In Wynwood, Miami For $1.28M
1745 Northwest 1st Place, Miami, Florida 33136, United States
See Similar DealsMultiFamily6,360 SF
Sold 05/16/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$201
Total Square Footage:6,360 SF
Transaction Type:Sale
An multifamily property located at 1745 NW 1st Pl in Wynwood, Miami has been sold for $1,280,000. The property consists of 10 units with a price per unit of $128,000. It spans across 6,360 square feet with a price per square foot of $201.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,280,000
- Address: 1745 NW 1st Pl, Wynwood, Miami
- Market: Wynwood, Miami
- Buyer: Micheal Abadi
- Seller: Mauro N Viera Galain
- Brokers: Bryan Ozuna & Karen Gomez - Real Estate Sales Force (RESF)
The sale of the property was facilitated by Bryan Ozuna and Karen Gomez from Real Estate Sales Force (RESF). They represented the buyer and seller respectively in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$68,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,547.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,067.85
Annual Debt Service$72,814.24
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