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1862 Southwest 5th Street

Walter Quezada Purchases Little Havana Multifamily For $1.12M
SOLDMultiFamily

Walter Quezada Purchases Little Havana Multifamily For $1.12M

1862 Southwest 5th Street

$1,120,000

$184/SF

Building Size

6,080 SF

Asset Type

MultiFamily

Closing

Apr 30, 2024

AI

The multifamily property located at 1862 Southwest 5th Street in Little Havana was successfully sold for $1,120,000. The 6,080 square feet asset consists of 8 units, resulting in a price per unit of $140,000 and a price per square foot of $184.

Summary of transaction details:

The sale was facilitated by Mauricio Villasuso and Carlos Fausto Miranda from Fausto Commercial Realty Consultants, representing the buyer and seller in the transaction.

Players

Carlos Fausto Miranda

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 deals

Broker

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

14.16%

Cash-on-Cash

-4.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93