Maria Buitrago Acquires Little River Multifamily From Kristopher Rodriguez In $900K Deal
SOLD
$900,000
Florida
See Similar DealsMultiFamily2,326 SF
Sold 10/19/2021
SOLD
Maria Buitrago Acquires Little River Multifamily From Kristopher Rodriguez In $900K Deal
268 Northeast 80th Terrace, Little River, Miami, FL, USA
See Similar DealsMultiFamily2,326 SF
Sold 10/19/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$386
Total Square Footage:2,326 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$48,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
Annual Debt Service$51,197.51
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