Updated Dec 21, 2023
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
About this deal
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.
On the Map
$2,833,333
$2,179/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
5.60%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93