Walter Quezada Purchases Little Havana Multifamily For $1.12M
SOLD
$1,120,000
Florida
See Similar DealsMultiFamily6,080 SF
Sold 04/30/2024
SOLD
Walter Quezada Purchases Little Havana Multifamily For $1.12M
1862 Southwest 5th Street
See Similar DealsMultiFamily6,080 SF
Sold 04/30/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$184
Total Square Footage:6,080 SF
Transaction Type:Sale
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:
- Property Type: Multifamily
- Transaction Amount: $1,120,000
- Address: 1862 Southwest 5th Street
- Market: Little Havana
- Units: 8
- Price per Unit: $140,000
- Square Footage: 6,080
- Price per Square Foot: $184
- Buyer: Walter Quezada
- Seller: Leon Torres
- Brokers: Mauricio Villasuso & Carlos Fausto Miranda - Fausto Commercial Realty Consultants
The sale was facilitated by Mauricio Villasuso and Carlos Fausto Miranda from Fausto Commercial Realty Consultants, representing the buyer and seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,979.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,309.37
Annual Debt Service$63,712.46
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