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:
- 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.
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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93