Christian Diaz & Ismael Diaz Purchase 5& Family Property In Miami, FL For $2.4M
337 Southwest 5th Avenue, Miami, Florida 33130, United States
$2,410,000
$277/SF
Building Size
8,683 SF
Asset Type
MultiFamily
Closing
May 25, 2022
AI
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.
Players
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.58%
Cash-on-Cash
-1.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93