Serge Vallet Acquires Multifamily Property In Coral Gables For $1.1M
SOLD
$1,100,000
Florida
See Similar DealsMultiFamily3,500 SF
Sold 01/25/2023
SOLD
Serge Vallet Acquires Multifamily Property In Coral Gables For $1.1M
300 Mendoza Avenue
See Similar DealsMultiFamily3,500 SF
Sold 01/25/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$314
Total Square Footage:3,500 SF
Transaction Type:Sale
A multifamily property located at 300 Mendoza Avenue in Coral Gables has been sold for a total price of $1,100,000. The property consists of 4 units, with each unit having a price per unit of $275,000. The total square footage of the property is 3,500, resulting in a price per square foot of $314.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 300 Mendoza Avenue, Coral Gables
- Market: Coral Gables
Serge Vallet has purchased the property from Stefano Morselli. The buyer was represented by Leor Fidler from Silmar Realty.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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