Christian Diaz & Ismael Diaz Purchase 5& Family Property In Miami, FL For $2.4M
SOLD
$2,410,000
Florida
See Similar DealsMultiFamily8,683 SF
Sold 05/26/2022
SOLD
Christian Diaz & Ismael Diaz Purchase 5& Family Property In Miami, FL For $2.4M
337 Southwest 5th Avenue, Miami, Florida 33130, United States
See Similar DealsMultiFamily8,683 SF
Sold 05/26/2022
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$277
Total Square Footage:8,683 SF
Transaction Type:Sale
The 5+ family property located at 337 SW 5th Ave in Miami, FL was sold on May 26, 2022. The property spans over an area of 8,683 square feet, with a price per square foot of $277. The total transaction amount for the sale was $2,410,000. The seller of the property was Rene Sanchez.
Summary of transaction details
- Property Type: 5+ Family
- Transaction Amount: $2,410,000
- Address: 337 SW 5th Ave, Miami, FL
- Square Footage: 8,683
- Price per Square Foot: $277
The buyers of the property were Christian Diaz and Ismael Diaz. They acquired the property from the seller, Rene Sanchez.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$128,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,562.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,424.63
Annual Debt Service$137,095.55
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