Cole Scanlon Acquires Multifamily Property From Elizabeth Rose Talavara In Miami For $1.0465M
2292 Southwest 16th Terrace
$1,046,500
$321/SF
Building Size
3,251 SF
Asset Type
MultiFamily
Closing
Mar 21, 2025
AI
This multifamily asset, located at 2292 Southwest 16th Terrace in Miami, was sold for $1,046,500. The property comprises 4 units and spans 3,251 square feet, resulting in a price per unit of $261,625 and a price per square foot of $321.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,046,500
- Units: 4
- Square Footage: 3,251
- Price per Unit: $261,625
- Price per Square Foot: $321
- Buyer: Cole Scanlon
- Seller: Elizabeth Rose Talavara
- Broker 1: Robin Perez - Fausto Commercial Realty Consultants
- Broker 2: Elisabel Talavera - Lifestyle International Realty
Cole Scanlon acted as the buyer in this transaction, while Elizabeth Rose Talavara was the seller. The deal was facilitated by two brokers: Robin Perez representing Fausto Commercial Realty Consultants and Elisabel Talavera from Lifestyle International Realty, who both played significant roles in successfully closing this transaction.
Players
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
15.16%
Cash-on-Cash
-4.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93