Updated Sep 5, 2024
Tai Nguyen Acquires 4-Unit Multifamily Property In Little Havana, Miami For $1.015M
1835 Southwest 9th Street
$1,015,000
$172/SF
Building Size
5,900 SF
Asset Type
MultiFamily
Closing
Jun 29, 2022
About this deal
AI
The multifamily property located at 1835 SW 9th St in Little Havana, Miami has been sold. The transaction took place on 06/29/2022.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,015,000
- Number of Units: 4
- Price per Unit: $253,750
- Square Footage: 5,900
- Price per Square Foot: $172
- Market: Little Havana, Miami
Tai Nguyen was the buyer of the property, while Armando Cohen served as the seller. The transaction was facilitated by Maria F Velandia from Keyes Commercial Real Estate.
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
15.63%
Cash-on-Cash
-4.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93