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268 Northeast 80th Terrace,...

Maria Buitrago Acquires Little River Multifamily From Kristopher Rodriguez In $900K Deal
SOLDMultiFamily

Maria Buitrago Acquires Little River Multifamily From Kristopher Rodriguez In $900K Deal

268 Northeast 80th Terrace, Little River, Miami, FL, USA

$900,000

$386/SF

Building Size

2,326 SF

Asset Type

MultiFamily

Closing

Oct 18, 2021

AI

The multifamily property located at 268 NE 80th Terrace, Little River, Miami, was recently sold in a closed transaction. The property consists of a duplex with a total of 2 units. The sale price for this transaction was $900,000, with each unit priced at $450,000. The total square footage of the property is 2,326, resulting in a price per square foot of $387.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $900,000
  • Address: 268 NE 80th Terrace, Little River, Miami
  • Market: Little River, Miami
  • Buyer: Maria Buitrago
  • Seller: Kristopher Rodriguez

The buyer of the property is Maria Buitrago, while the seller is Kristopher Rodriguez. It is worth noting that the duplex was previously purchased in June 2013 for $115,000 and was sold in October 2021 for $900,000.

Players

Kristopher C Rodriguez

Fordome Investment Group

Broker

$25.5M

vol

10 deals

Broker
Kristopher C Rodriguez

Kristopher C Rodriguez

Fordome Investment Group

Seller

$25.5M

vol

10 deals

Seller

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

17.63%

Cash-on-Cash

-5.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93