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2130 Southwest 7th Street, ...

Marlon Gomez Acquires Miami Multifamily From Elias Akar For $2.83M
SOLDMultiFamily

Marlon Gomez Acquires Miami Multifamily From Elias Akar For $2.83M

2130 Southwest 7th Street, Miami, Florida 33135, United States

$2,833,333

$2,179/SF

Building Size

1,300 SF

Asset Type

MultiFamily

Closing

Jun 30, 2022

AI

The multifamily property located at 2130 SW 7th St in Miami, FL was recently sold on July 1, 2022. The property spans approximately 1,300 square feet and was sold at a price of $2,833,333, resulting in a price per square foot of $2,179.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,833,333
  • Address: 2130 SW 7th St, Miami, FL
  • Market: Miami, FL
  • Buyer: Marlon Gomez
  • Seller: Elias Akar

Marlon Gomez, represented by his broker at the deal, successfully purchased the multifamily property from Elias Akar. The transaction involved a significant investment of $2,833,333, exchanging hands in the competitive Miami market. The property, with its desirable location and square footage, presented an appealing opportunity for both the buyer and seller.

Players

Marlon Gomez

Buyer

$122.5M

vol

7 deals

Buyer

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

5.60%

Cash-on-Cash

-1.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93