Compass Brokers Facilitate $4.25M Multifamily Sale In Miami
SOLD
Florida
See Similar DealsMultiFamily9,321 SF
Sold 04/15/2024
SOLD
Compass Brokers Facilitate $4.25M Multifamily Sale In Miami
3011 Southwest 1st Avenue
See Similar DealsMultiFamily9,321 SF
Sold 04/15/2024
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$456
Total Square Footage:9,321 SF
Transaction Type:Sale
The multifamily property located at 3011 Southwest 1st Avenue in Miami was sold for $4,250,000. The property consists of 12 units, totaling 9,321 square feet, with a price per unit of $354,167 and a price per square foot of $456.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,250,000
- Units: 12
- Price Per Unit: $354,167
- Square Footage: 9,321
- Price Per Square Foot: $456
- Address: 3011 Southwest 1st Avenue, Miami
Representing the buyer in this transaction was Francis Beracha & Dr. Eli Beracha from The Beracha Team. On the selling side, Arthur Porosoff & Javier A. Ubeda from Compass acted as the seller's representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02
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