Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,200,000
$250/SF
MultiFamily
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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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93