Ezequiel Alfaro & Alejandra Riveiro Acquire 8-Unit Multifamily In Miami For $1.23M
SOLD
$1,230,000
Florida
See Similar DealsMultiFamily5,374 SF
Sold 01/25/2021
SOLD
Ezequiel Alfaro & Alejandra Riveiro Acquire 8-Unit Multifamily In Miami For $1.23M
2105 Southwest 7th Street, Miami, FL, USA
See Similar DealsMultiFamily5,374 SF
Sold 01/25/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$228
Total Square Footage:5,374 SF
Transaction Type:Sale
An eight-unit multifamily property located at 2105-2107 SW 7th Street in Miami has been sold for $1,230,000. The property spans a total of 5,374 square feet, resulting in a price per square foot of $229. Each unit was sold for approximately $153,750.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,230,000
- Address: 2105-2107 SW 7th Street, Miami
- Market: Miami
Ezequiel Alfaro & Alejandra Riveiro, managers of Sauvage, have purchased the property from Marie-Christine Solal, manager of Vettore USA. The transaction was facilitated by Robert Burstein, the broker involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,369.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,830.83
Annual Debt Service$69,969.93
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