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Cole Scanlon Acquires Multifamily Property From Elizabeth Rose Talavara In Miami For $1.0465M

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SOLD
$1,046,500

Florida

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MultiFamily3,251 SF
Sold 03/21/2025
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Property Image
SOLD

Cole Scanlon Acquires Multifamily Property From Elizabeth Rose Talavara In Miami For $1.0465M

2292 Southwest 16th Terrace

See Similar Deals
MultiFamily3,251 SF
Sold 03/21/2025
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$321
Total Square Footage:3,251 SF
Transaction Type:Sale

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:

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

Robin Perez
7 deals$10.6M volume(786) 261-5393
BROKER

Elisabel Talavera
Lifestyle International Realty
1 deal$1M volume(786) 515-4248
BROKER

Details

SOLD
IMAGE: Elisabel Talavera, Cole Scanlon & Robin Perez DATE: 03/21/2025 ADDRESS: 2292 Southwest 16th Terrace MARKET: Miami ASSET TYPE: Multifamily BUYER: Cole Scanlon SELLER: Elizabeth Rose Talavara BROKERS: Robin Perez (@_RobinPerez) - Fausto Commercial Realty Consultants (@FaustoCommercial); Elisabel Talavera (@Sell_with_Elizabelle_Marie) - Lifestyle International Realty (@LifestyleInternationalRealty) SALE PRICE: $1,046,500 UNITS: 4 ~ PPU: $261,625 SF: 3,251 ~ PPSF: $321

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,813.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,718.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,960.94
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