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2292 Southwest 16th Terrace

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

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:

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

Fausto Commercial Realty Consultants

Broker

$10.6M

vol

7 deals

Broker

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