Nick Correa Acquires MultiFamily Property In Miami For $1.2M
1912 NW 24th Ct Miami, FL 33125, USA
$1,200,000
$250/SF
Building Size
4,800 SF
Asset Type
MultiFamily
Closing
Jul 10, 2023
AI
A multi-family property located at 1912 Northwest 24th Court in Miami has recently been sold for $1,200,000. The property consists of 4 units with a total of 4,800 square feet. Each unit has a price per unit of $300,000, and the price per square foot is $250.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,200,000
- Address: 1912 Northwest 24th Court
- Market: Miami
- Units: 4
- Price per Unit: $300,000
- Square Footage: 4,800
- Price per Square Foot: $250
The buyer of the property is Nick Correa, while the seller is Sylvia Oliva. The seller was represented by Alex Suarez from Global Investments Realty.
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93