Rodolfo Alvarez Acquires Multifamily Property For $1M In Hialeah
SOLD
$1,000,000
Florida
See Similar DealsMultiFamily3,305 SF
Sold 08/31/2023
SOLD
Rodolfo Alvarez Acquires Multifamily Property For $1M In Hialeah
334 E 21 St
See Similar DealsMultiFamily3,305 SF
Sold 08/31/2023
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$302
Total Square Footage:3,305 SF
Transaction Type:Sale
A multifamily property located at 334 East 21 Street in Hialeah has been sold. The property spans 3,305 square feet and was sold for a total price of $1,000,000, resulting in a price per square foot of $303.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Square Footage: 3,305
- Address: 334 East 21 Street, Hialeah
- Market: Hialeah
The buyer in this transaction is Rodolfo Alvarez, while the seller is Alexander Giron. Representing the buyer and seller were Carlos Fausto Miranda and Felix Richard Ramirez of Fausto Commercial Realty Consultants.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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